SOLUTION: A dealer allows a discount of 20% on the marked price of the goods and still makes a profit of 25%. If his gain over sale is ₹150 find the marked price.
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Question 1096396: A dealer allows a discount of 20% on the marked price of the goods and still makes a profit of 25%. If his gain over sale is ₹150 find the marked price.
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
The profit of ₹150 is 25% of the cost, so the cost is ₹600.
Then the selling price is the cost plus the profit, or ₹750.
The selling price is 20% off the marked price; i.e., it is 80% or 4/5 of the marked price. So the marked price is 5/4 of the selling price:
The marked price is ₹937.50
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