Question
Download Solution PDFA shopkeeper allows a discount of 12% to his customers and still gains 18%. Find the marked price of an article which costs Rs. 528 to the shopkeeper.(Answer to the nearest rupees)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price (C.P) = Rs.528
Discount% = 12%
Profit = 18%
Formula used:
C.P/M.P = (100 - D%)/(100 ± P/L%)
Where,
C.P = Cost price; M.P = Marked price; D = discount
Calculation:
According to the question:
⇒ C.P/M.P = (100 - D%)/(100 + P%)
⇒ 528/M.P = (100 - 12)/ (100 + 18)
⇒ M.P = (528 × 118)/88
⇒ M.P = Rs.708
∴ The correct answer is Rs.708.
Last updated on Jun 13, 2025
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