Question
Suppose the seller wants to earn a profit of 20% after
allowing a discount of 25%, what should be the marked price of the article, given that the profit earned on selling it for Rs. 522 is 16%?Solution
ATQ, Cost price of the article = 522 ÷ 1.16 = Rs. 450 So, marked price of the article = 450 × (1.2 ÷ 0.75) = Rs.720
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