A dealer bought a refrigerator for ₹11515. After allowing a discount of 16% on its marked price, he gains 20%. Find the marked price of the

Question

A dealer bought a refrigerator for ₹11515. After allowing a discount of 16% on its marked price, he gains 20%. Find the marked price of the refrigerator.

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Ella 3 days 2021-10-12T10:01:55+00:00 1 Answer 0 views 0

Answers ( )

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    2021-10-12T10:03:52+00:00

    Solutions :-

    Cost Price = Rs 11515

    Discount on its marked price = 16%

    Profit % = 20%

    Selling price = C.P + Profit% of C.P

    = 11515 + 20% of 11515

    = 11515 + 0.2 × 11515

    = 11515 + 2303

    = 13818

    So,

    Selling price = Rs 13818

    Now,

    Find the marked price of refrigerator :-

    M.P = (S.P × 100)/(100 – discount)

    = (13818 × 100)/(100 – 16)

    = 1381800/84

    = 16450

    Hence,

    The marked price of refrigerator is Rs 16450

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