What should be the price marked on a washing machine whose cost price is Rs. 14,400, if the retailer wants to get a profit of 10% after giving a discount of 12%?
Given, CP =Rs. 14,400
Let the marked price(M.P) be Rs. x
Discount on marked price =12% of x=0.12x
Sale price (S.P)= M.P - Discount
=x−0.12x=0.88x
Sale price according to C.P = C.P + profit
=14400+10% of C.P
=14400+0.10×14400
=14400+1440
=15840
on equating S.P from both the methods, we have
0.88x=15840
x=Rs. 18000
∴ M.P =Rs. 18000
So, marked price will be Rs. 18000 for a profit of 10% after a discount of 12%.