Question

A shopkeeper buys an article for ₹300. He increases its price by 20% and then gives 10% discount on the new price. Find: the new price (marked price) of the article

Answer 1

Step 1: Finding the increased amount

C.P of an article = ₹300

Increase in price = 20%

Now,

Increased amount =300×$\frac{20}{100}$

=3×20

= ₹ 60. (1 Mark)

Step 2: Finding new price or marked price of the article

∴ New price = C.P + increased amount

= ₹ 300+ ₹ 60

= ₹ 360 (1 Mark)

Hence, new price of the article is ₹360.