What price should a shopkeeper mark on an article that cost him thousand to gain 20% after allowing a discount of 20%?

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100 Questions 100 Marks 60 Mins

Given:

Cost price = Rs. 200

Gain% = 35%

Discount % = 25%

Formula Used:

Marked price = Selling price × 100/(100 - discount%)

Selling price = Cost price × (100 + gain%)/100

Calculation:

Selling price = 200 × (100 + 35 )/100 = Rs.270

Marked price = 270 × 100/(100 - 25 ) = Rs.360

∴ The price should a shopkeeper mark on a product is Rs.360.

Marked price =  200 × (100 + 35 )/100 × 100/(100 - 25 ) = Rs.360

∴ The price should a shopkeeper mark on a product is Rs.360.

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