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Savatey [412]
3 years ago
8

The marked price of

Mathematics
1 answer:
Tju [1.3M]3 years ago
3 0

Answer:

MP =  Rs. 1500

SP =  Rs. 1230

Step-by-step explanation:

Let the Cost Price (CP) be x

<u>Then Market Price (MP):</u>

  • MP = x+ 20% = 1.2x

<u>Discounted Selling Price (SP):</u>

  • SP = MP - 18% = 0.82*1.2x = 0.984x

<u>Since the difference between CP and SP is Rs.20:</u>

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

<u>Then:</u>

  • MP = 1.2*1250= Rs. 1500

and

  • SP = 1500*0.82 = Rs. 1230

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