Question

B) The cost price of an article was Rs 4000.Find the marked price of the

article so that there will be a profit of 20% after allowing a discount of
20%.​ show process

Answer 1

Market price = Rs. 6,000

Explanation:

Given:

Cost price = R.s 4,000

Profit after discount = 20%

Discount = 20%

Find:

Market price

Computation:

Sales price = Cost price[1+Profit after discount]

Sales price = 4,000[1+20%]

Sales price = 4,800

Market price = Sales price[100/(100 - Discount)]

Market price = 4,800[100/(100 - 20%)]

Market price = Rs. 6,000