What price should a trader mark on the article that cost him rs 918 to gain 20% after allowing a discount of 15%
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SP of the article = ₹918
Profit % = 10%
SP = (1+r/100) CP
₹918= (1+20/100) CP
CP = ₹918 * 100/120
= ₹153 * 5
= ₹765
SP = ₹918
Discount % = 15%
SP = (1-d/100) MP
₹918 = (1-15/100) MP
MP = ₹ 918 * 100 / 85
= ₹ 1080
Ans = The trader should mark his goods at ₹1080.
Hope it helps!! ^_^
Profit % = 10%
SP = (1+r/100) CP
₹918= (1+20/100) CP
CP = ₹918 * 100/120
= ₹153 * 5
= ₹765
SP = ₹918
Discount % = 15%
SP = (1-d/100) MP
₹918 = (1-15/100) MP
MP = ₹ 918 * 100 / 85
= ₹ 1080
Ans = The trader should mark his goods at ₹1080.
Hope it helps!! ^_^
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