A shopkeeper allows a discount of 10% to his customers and still gains 20%. Find the marked price of an article which costs 450 to the shopkeeper.
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Solution
Vanitha used this method: Let M.P. be 100. Discount =10% of M.P. =10100 of M.P. =10100×100 =10 S.P. = M.P. − Discount =100−10=90 Gain =20% of C.P. =20100×450=90 S.P. = C.P. + Gain =450+90=540 If S.P. is 90, then M.P. is 100. When S.P. is 540, M.P. =540×10090=600 ∴ The M.P. of an article =600
OR Vimal used the formula method: Discount =10%, Gain =20%, C.P. =450, M.P. = ? M.P. =100+Gain100−Discount× C.P. =(100+20)(100−10)×450 =12090×450 =600