Question
Download Solution PDFA dealer purchased a washing machine. He allows a discount of 10% on its marked price and gains Rs. 4000. If he allows a discount of 20% on its marked price and gains Rs. 3300. Find the marked price of the machine.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven :
Discount = 10%
Profit = Rs. 4000
Discount = 20%
Profit = Rs. 3300
Calculation :
Value of 10% increment in discount on MP = 4000 - 3300 = Rs. 700
100% = 10 × 700 = Rs. 7000
∴ The MP of machine is 7000.
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