Question

A shopkeeper marks the price on articles 25% above the cost price. After allowing 10% discount, it was sold at gain of Rs 150. Find the mp

Answer 1

Answer:
`Rs. 166.67`

Explanation:

Given

Mark up price is 25% higher than cost price

The shopkeeper gives a discount of 10%

Suppose the cost price is
`x`

Mark up price is
`1.25x`

Selling price is

`\Rightarrow 1.25x* 0.9=1.125x`

It is given Rs150

`\therefore 150=1.125x\\\Rightarrow x=\text{Rs}133.33`

Marked up price is
`\text{Rs }166.67`