Question
A businessman offers a 40% discount on the marked price of
a clothing item and still makes a profit of 20%. If his profit amounts to Rs. 600, what is the marked price (in Rs.) of the clothing item?Solution
ATQ,
Let the cost price of the clothing item be Rs. '100x'
ATQ:
'100x' × 0.2 = 600
Or, 20x = 600
Or, x = (600/20) = 30
So, the cost price of the clothing item = 100x = 100 × 30 = Rs. 3,000
So, the selling price of the clothing item = 3,000 + 600 = Rs. 3,600
Required marked price of the clothing item = 3600 ÷ 0.6 = Rs. 6,000
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