Question

What price should a shopkeeper mark on a sofa set which costs him Rs. 50000 so as to gain 10% after allowing a discount of 20%?

Answer 1

Answer:

The shopkeeper should mark the sofa set's price as Rs.65000.

Step by step explanation:

1. Calculate the following:

10% of 50000

20% of 50000

Rs. 50000 + Rs. ( 10% of 50000) + Rs. ( 20% of 50000) = The answer

Answer 2

Answer:

Let the cost price be 100 Rupees.There is gain of 17% so, Selling price will be 117 Rupees.Sp=117

Let marked price be x

Then 90%of X=117

(90/100)x=117

x=117*100/90

=130

Above cost price=130-100=30

So, marked price is 30 rupees more than CP.

So, shopkeeper must mark his good's price 30% more than cost price.