Question

What price should a trader mark on an article that costs him 918 to gain 20% after allowing a discount of 15%?​

Answer 1

Answer: Rs 1296

Step-by-step explanation:

selling price = profit + cost price

                    = 20 * 918 / 100 + 918

                     = 1101.6 Rs

marked price = selling price + discount

let marked price be x

so,   x = 1101.6 + 15x / 100

x = (110160 + 15x ) / 100

100x - 15x = 110160

85x = 110160

x = 1296

marked price = Rs 1296