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After selling a radio for Rs. 2500 a shopkeeper suffers a loss of 20%. If he wants to earn 40% profit after giving the discount of 10%, what will be the marked price (approximate value) ?
1. Rs. 984
2. Rs. 468
3. Rs. 846
4. Rs. 486

1 Answer

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Best answer
Correct Answer - Option 4 : Rs. 486

Given - 

Selling price = Rs. 2500, Loss = 20%, Discount = 10%, profit = 40%

Formula used - 

(cost price/marked price) = {(100 - discount)/(100 + profit)}

Solution - 

Let the marked price be Rs. x.

⇒ cost price = 2500 × (100/80) = Rs. 3125

⇒ marked price = 3125 × (140/90) = Rs. 486.11

⇒ marked price = Rs. 486

∴ marked price of the radio = Rs. 486

 

 

 

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