Question

The marked price of

Answer 1

Answer:

MP =  Rs. 1500

SP =  Rs. 1230

Step-by-step explanation:

Let the Cost Price (CP) be x

Then Market Price (MP):

• MP = x+ 20% = 1.2x

Discounted Selling Price (SP):

• SP = MP - 18% = 0.82*1.2x = 0.984x

Since the difference between CP and SP is Rs.20:

• x - 0.984x = 20
• 0.016x = 20
• x= 20/0.016
• x = 1250

Then:

• MP = 1.2*1250= Rs. 1500

and

• SP = 1500*0.82 = Rs. 1230