A shopkeeper earns a profit of 17% on selling a book at 10% discount on the printed price. If the cost price is Rs 500, then the printed price (in Rs) is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 650
Formula used:
Marked price × (100 - discount%) = Cost price × (100 + profit%) = selling price ----- (1)
Calculations:
According to the question
Marked price = 500 × (100 + 17)/(100 - 10)
Marked price = 500 × (117/90) = 650