14 What was the marked price? 8) The cost price of an article is 500.

1.	14 What was the marked price? 8) The cost price of an article is 500. The shopkeeper marks it at a certain price and then gives a discount of 20% on it. If after the discount, he still gets a profit of 10%, find the marked price. 10
Answer» Answer:SHOPKEEPER earns a profit of 10 % Hence, SP = 500*110/100 = RS. 550 Hence, Marked Price - 20 % of Marked Price = 550 Hence, Marked Price = Rs. 687.5

14 What was the marked price? 8) The cost price of an article is 500. The shopkeeper marks it at a certain price and then gives a discount of 20% on it. If after the discount, he still gets a profit of 10%, find the marked price. 10

Answer»

Answer:SHOPKEEPER earns a profit of 10 %

Hence, SP = 500*110/100 = RS. 550

Hence, Marked Price - 20 % of Marked Price = 550

Hence, Marked Price = Rs. 687.5