Question

A shopkeeper marks the price of an article 40% above the cost price and allows 20% discount. If the purchase price of an article is rs 1000, find the mark price of the article.​

Answer 1

Yes it would be Rs.246

Explanation:

Answer 2

Explanation:

Cost Price =Rs.200

Shopkeeper Mark the price 40% above the cost price then

M.P=200+40%of200

⇒200+

100

40

×200

⇒200+80=Rs.280

Discount=20%

Then Price after discount=280−20%of280

⇒280−

100

20

×280

⇒280−56=Rs.224

Sales tax rate=10%

Then sales price=224+10%of224

⇒224+

100

10

×224

⇒224+22.4=246.4∼Rs.246