Question
Download Solution PDFDiksha marks up an item by Rs 150 and sells it at a discount of 10% such that she earns a percentage profit of 20%. At what price did she sell the item?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation
Let cost price = x
Marked price = x + 150
Selling price = 90% of marked price = 0.9(x+150)
Profit = 20%
→ Selling price = 1.2x
So, 0.9(x + 150) = 1.2x
⇒0.9x + 135 = 1.2x
⇒ 135 = 0.3x
⇒ x = 450
Selling Price = 1.2 × 450 = Rs.540
Last updated on Jul 3, 2025
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