Question

A shopkeeper allows $20\%$ discount on his goods and still earns a profit of $20\%$. If an article is sold for $Rs360$, find:
the marked price

Answer 1

Given that,

Discount $=20$%

Selling price $=100-20=80$%

$80$%=$Rs.360$

$1$%=$360÷80=Rs.4.50$

$100$%=$4.5\times 100=Rs.450$

Therefore,

we get marking price$Rs.450$