Question
A merchant sold a product after allowing a discount of 25%
and earned a profit of Rs. 45. If he had sold it for Rs. 150 more, he would have earned a profit of 25%. Find the marked price of the product.Solution
ATQ,
Let the marked price of the product be Rs. x.
Selling price of the product = 0.75 × x = Rs. 0.75x
Cost price of the product = Rs. (0.75x – 45)
According to the question;
1.25 × (0.75x – 45) = 0.75x + 150
Or, 0.1875x = 206.25
Or, x = 1100
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