Question

A man gained rs. 3000 by selling a mobile set allowing 15 % discount on the marked price the loss would be rs. 8000. Find the marked price and cost price of a mobile set​

Answer 1

Marked price is Rs. 53333.33 and the cost price is Rs. 42333.33.

Explanation:

Let Rs. x and Rs. y are the cost price and marked price of the mobile set respectively.

Now, the man has a loss of Rs. 8000 after giving a 15% discount on the marked price.

Therefore, 15% of y is 8000 i.e.
`8000 = (y* 15)/(100)`

⇒ y = Rs. 53333.33

Now, the man gained Rs. 3000 by selling the mobile set allowing 15% discount on the marked price.

Therefore, the mobile set has the cost price = x = Rs. [(53333.33 - 8000) - 3000] = Rs. 42333.33 (Answer)