Question
The cost price and marked price of a bag are in the ratio
of 4:9. If the bag is sold at a 30% discount, the shopkeeper makes a profit of Rs. 180. Determine the marked price of the bag.Solution
ATQ,
Let the cost price of the bag be Rs. ‘4x’ and the marked price be Rs. ‘9x’.
ATQ;
Selling price of the bag = 9x × 0.7 = Rs. ‘6.3x’
Profit = 6.3x – 4x = Rs. ‘2.3x’
So, 2.3x = 180
Or, x = 78.26
So, marked price of the bag = 9 × 78.26 = Rs. 704
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