Question

What price should Kiran mark on a saree which costs her Rs3000 , so as to gain 20% after allowing a discount of 10%

Answer 1

Step-by-step explanation:

after after 10% discount, Kiran still makes 20%gain. Therefore, priced marked on sari should be 4000.

Answer 2

Given:

Cost of the saree=RS.3,000

Gain=20%

Discount=10%

To find:

The marked price of the saree

Solution:

The marked price of the saree is Rs.4,000.

We can find the price by following the given process-

We are given that the saree costs Rs.3,000 and the gain is 20%,

We know that the gain is the excess of selling price over the cost price.

So, selling price of saree-cost price of saree=gain on saree.

The amount of gain=20% of cost price

=20% of Rs.3,000

=20/100×3,000

=3,000/5

=Rs.600

So, the amount of selling price= cost price of saree+amount of gain

=3,000+600

=Rs.3,600

Now, let us assume that the marked price of the saree is M.

We know that the discount is calculated on the marked price.

So, the amount of discount=10% of M

=10/100×M

=M/10

The selling price of the saree is the difference between the marked price and the discount.

On putting the values, we get

3,600=M-M/10

3,600=(10M-M)/10

36,000=9M

36,000/9=M

4,000=M

The marked price, M=Rs.4,000

Therefore, the marked price of the saree is Rs.4,000.