Question
The cost price and marked price of a pen are in the ratio
of 5:8. If the pen is sold with a 10% discount, the shopkeeper makes a profit of Rs. 100. Find the marked price of the pen.Solution
ATQ,
Let the cost price of the pen be Rs. β5xβ and the marked price be Rs. β8xβ.
ATQ;
Selling price of the pen = 8x Γ 0.9 = Rs. β7.2xβ
Profit = 7.2x β 5x = Rs. β2.2xβ
So, 2.2x = 100
Or, x = 45.45
So, marked price of the pen = 8 Γ 45.45 = Rs. 364
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