Question
Person 'A' bought a washing
machine for a certain amount. He marked it up by p% and then gave a discount of 11.11%, resulting in no profit or loss. If 'A' sold the washing machine at a profit of p% and its cost price is Rs. 2500, find the selling price of the machine.Solution
ATQ, Let the cost price of the machine = Rs. x x×(100+p)/100 × 8/9 = x (100+p)/100× 8/9 = 1 800 + 8p = 900 8p = 100 p = 12.5 Required answer = 2500 × 112.5/100 = 2812.5
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