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A dealer allows a discount of 10% and still gains by 10% what should be the marked price of the cost price is rs 900 ?
Given: A dealer allows a discount of 10% and still gains by 10%
To do: Find what should be the marked price of the cost price is Rs900
Solution:
Let the marked price be $x$.
Given cost price = 900.
Given that Discount = 10%. of $x$
SP = $x - 10% $of$ x$
= $x - \frac{10}{100}x$
=$ \frac{9x}{10}$ .............(i)
It also given that gain = 10%.
SP = $900 + 10%$ of $900$
= $900 + \frac{10}{100} \times 900$
= $900 + 90$
=$ 990$. .............(ii)
From i and ii
$990 = \frac{9x}{10}$
$x = 1100$.
So Marked price = 1100.
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