A dealer bought a refrigerator for Rs. 11515. After allowing a discount of 16% on its marked price, he gains 20%. Find the marked price of the refrigerator.

Question

Philoid · Accepted Answer

Cost Price = Rs.11515

Gain = 20%

Selling Price =

= Rs.13818

Discount = 16%

Let × be the market price.

Market Price – Discount = Selling Price

× – 16% of × = 13818

× – 16x/100 = 13818

84x/100 = 13818

X= (13818 × 100) / 84

= Rs.16450

So, Market Price of refrigerator is Rs.16450