Question
A vendor makes a profit of 20% by selling a product for Rs.
180. If he aims to achieve a profit of 35% while giving a discount of 20%, what should be the marked price of the product?Solution
ATQ,
Cost price of the product = 180 ÷ 1.20 = Rs. 150
New selling price of the product = 150 × 1.35 = Rs. 202.5
Marked price of the product = 202.5 ÷ 0.80 = Rs. 253.125
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