Question
The cost price and marked price of a jacket are in the
ratio of 7:12. If a 25% discount is offered on the jacket, the shopkeeper makes a profit of Rs. 200. Determine the marked price of the jacket.Solution
ATQ,
Let the cost price of the jacket be Rs. ‘7x’ and the marked price be Rs. ‘12x’.
ATQ;
Selling price of the jacket = 12x × 0.75 = Rs. ‘9x’
Profit = 9x – 7x = Rs. ‘2x’
So, 2x = 200
Or, x = 100
So, marked price of the jacket = 12 × 100 = Rs. 1200
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