A shopkeeper Buys an article for Rs 124. If he gains a 20% profit even after giving a 12% discount, find the marked price.

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Solution

Dear Student,

$C o s t P r i c e o f a r t i c l e = 124 P r o f i t % = 20 P r o f i t = P r o f i t % \times \frac{C P}{100} = 20 \times \frac{124}{100} = \frac{124}{5} = 24.8 S e l l i n g P r i c e = C P + P r o f i t = 124 + 24.8 = 148.8 D i s c o u n t = 12 % M a r k e d P r i c e = \frac{100 \times S P}{100 - D %} = \frac{100 \times 148.8}{100 - 12} = \frac{14880}{88} = 169.09$
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A shopkeeper Buys an article for Rs 124. If he gains a 20% profit even after giving a 12% discount, find the marked price.

Dear Student, Cost Price of article=124Profit%=20Profit=Profit%×CP100=20×124100=1245=24.8Selling Price=CP+Profit=124+24.8=148.8Discount=12%Marked Price=100×SP100-D%=100×148.8100-12=1488088=169.09 Regards,