A shopkeeper gives 11% discount on a television set hence a cost price of it is Rs.2,2250 then find the market price of the television set
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A shopkeeper gives 11% discount on a television set hence a cost price of it is Rs.2,2250 then find the market price of the television set
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Answer:
Step-by-step explanation:
Given that:
To Find:
Let us assume:
Formula used:
Where,
Finding the selling price:
⟶ SP = {(100 - Discount%) × MP}/100
⟶ SP = {(100 - 11) × x}/100
⟶ SP = {89 × x}/100
⟶ SP = 0.89x
∴ Selling price = Rs 0.89x
Now we have:
Because the given amount is the cost price of TV set for the customer but selling price for the shopkeeper.
Finding the marked price:
According to the question.
⇒ 0.89x = 22250
⇒ x = 22250/0.89
⇒ x = 25000
∴ Marked price = Rs 25000
Given that: A shopkeeper gives 11% discount on a television set hence a cost price of it is Rs. 22,250
To find: The market price of the television set.
Solution: The market price of the television set = Rupees 25,000
Full Solution:
~ Firstly as it's given that the discount price of the television set is 11 percentage. Let the marked price be 100 Rupees. Then it is cleared that the customer have to pay (100-11) Rupees means 89 Rupees have to pay. And as the cost price is 22,250 Rupees.
Henceforth, 25,000 Rupees is the market price of the television set.
Some important formulas -
Knowledge:
➣ Additional expenses made after buying an article are included in the cost price and are known to be “overhead expenses”
➣ Sales tax is charged on sale of an item by the government and is added to the bill amount.
Some extra formulas -
Where,
↝ P denotes Principal
↝ R denotes rate of interest
↝ n denotes time
↝ R/2 denotes half yearly rate
↝ 2n denotes number of half year