What price should a shopkeeper mark on an article which costs him Rs 880 so as to gain 25% after allowing a discount of 12% .
Let the market price of the article be Rs.x
given that Discount % = 12%
then selling price (S.P) = market price (M.P) - discount (D)
⇒ S.P = x - 12% of x
⇒
⇒ S.P =
⇒ S.P =
⇒ S..P =
he is still gaining profit
∴ cost price (C.P) =
⇒
⇒
⇒ x = 1250 Rs.
∴ market price of the article is Rs. 1250.