Question

zafars marks his goods at such a price that after allowing a discount of 12% for cash payment, he still makes a profit of 10%. find the marked price of the article which cost him rs. 7000

Answer 1

Answer : $\bold{Marked \: Price \: = \: Rs \: 8750}$



Explanation -

Finding profit -

Cost Price x Profit %

7000 x 10/1/00 = 700.

Profit = 700



Finding Selling Price -

Selling price = Cost Price + profit

= 7000 + 700 = 7700.

Selling Price = 7700.


Finding Marked Price -

Selling Price = Marked Price - Discount

Let the marked price = x

Discount on Marked Price = 12 % = 12x/100.

According to the given question -

Selling Price = Marked Price - discount

$7700 = x - \dfrac{12x}{100}$


$7700 = \dfrac{100x - 12x}{100}$



$7700 = \dfrac{88x}{100}$


$88x = 7700 \times 100$


$x = \dfrac{770000}{88}$



$x = 8750$



Hence :

Marked Price = 8750.