Question
After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the article is Rs 300?
Solution
CP =300 SP at the 5% Profit =300×105/100 SP =105×3=315 Rs. Let Marked price =100. SP after 10% discount =90 ATQ- 90 =315 unit 1=3.5unit. Then MP =3.5×100=350Rs. type -2. CP =300 SP at the 5% Profit =300×105/100 SP =105×3=315 Rs. MP =(SP×100)/(100-discount%) =31500/90 =350Rs.
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