Question

zafa marks his goods at such a price that after allowing a discount of12% for cash pYment he still makes a price of10% find the marked price of the article which cost him rs7000.?

Answer 1

Cost price = ₹7000

his gain = 10%

gain = 10/100 × 7000 = ₹700

Selling price, SP = CP + gain = 7000+700 = ₹7700

This SP is after giving 12% discount on Marked price.

Discount = 12% of MP = 12/100 × MP = 0.12MP

MP = SP + discount

=> MP = 7700 + 0.12 MP

=> MP - 0.12MP = 7700

=> 0.88MP = 7700

=> MP = 7700/0.88 = ₹8750

Hence marked price of the article is ₹8750.