Question
Raghu purchases a wallet for ₹1,136 and fixes its
marked price in such a way that after allowing a discount of 20%, he earns a profit of 40%. Find the marked price of the wallet (in ₹).Solution
Let the marked price be ₹x. Selling price after 20% discount = 0.8x Profit is 40%, so selling price = 1136 × 1.4 = ₹1590.40 So, 0.8x = 1590.40 → x = 1590.40 ÷ 0.8 = ₹1988 Marked price = ₹1988
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