Question
span >A shopkeeper marks up an item by 25%. If he increases the discount from 8% to 13%, the profit will decrease by Rs. 100. Find the selling price of the item in order to earn a profit of 30%.
Solution
Let, cost price of item be Rs. x.
So, mark price = Rs. 1.25x
According to question,
1.25x [0.92 – 0.87] = 100
1.25x = 2000
x = 1600
Therefore, required selling price = 1600 × 1.30 = Rs. 2080
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