A shopkeeper gives 25% discount on an article and makes a profit of 10%. If the cost price of the article is Rs 300 then, what is the marked price?360480404440None
Question
A shopkeeper gives 25% discount on an article and makes a profit of 10%. If the cost price of the article is Rs 300 then, what is the marked price?360480404440None
Solution
Let's solve this step by step:
Step 1: We know that the shopkeeper makes a profit of 10% on the cost price. So, the selling price of the article will be 110% of the cost price.
Step 2: Calculate the selling price: 110/100 * 300 = Rs 330.
Step 3: This selling price is after a discount of 25% on the marked price. So, the marked price will be the selling price divided by (1 - discount%).
Step 4: Calculate the marked price: 330 / (1 - 25/100) = Rs 440.
So, the marked price of the article is Rs 440.
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