A shopkeeper allows 15% discount. On giving this discount he made a profit of 20% that is 1700. What is the marked price?
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A shopkeeper allows 15% discount. On giving this discount he made a profit of 20% that is 1700. What is the marked price?
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He got a a profit of 20% on Rs.1700
20÷100*1700= Rs.340.
He got a profit of Rs.340
1700-340 = Rs. 1360
On this he gave 15% discount
15÷100*1360=Rs.204
he got a loss of Rs.204
1360-204 = Rs.1156
His marked price is Rs.1156.
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