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the marked price of
b) The price of an electric fan is fixed 20% above its cost price. When it is sold allowing
18% discount, there is a loss of Rs 20. Calculate the marked price and the selling price
of the fan.
min of​

Respuesta :

mhanifa

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

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