Question

Jyoti and Meena run a ready-made garment shop. They mark the garments at such a price that even after allowing a discount of 12.5%, they make a profit of 10%. Find the marked price of a suit which costs them Rs. 1470.

Answer 1

Given,

CP of suit = Rs 1470

Gain = 10%

By using the formula,

SP = (100 + gain%)/100 × CP

= (100 + 10)/100 × 1470

= 110/100 × 1470

= Rs 1617

Given, Discount = 12.5%

So, MP = (100 × SP) / (100 – Discount %)

= (100 × 1617) / (100 – 12.5)

= 161700/87.5

= Rs 1848

∴ The marked price of the suit is Rs 1848.