A dealer purchased a washing machine for ₹9,000. He allows a discount of 10% on its marked price and still gains 10%. Find the marked price of the machine.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹11,000
Given that
The cost price of a washing machine = ₹9,000
Discount D = 10%
The profit % = 10%
M.P/C.P = (100 + P)/(100 - D)
⇒ M.P./9000 = 110/90
⇒ M.P. = ₹11000