At what price should the Karan mark a sewing machine that costs him Rs. 1200. So that even after offering a 20% discount, he makes 25% profit?
Question
At what price should the Karan mark a sewing machine that costs him Rs. 1200?
So that even after offering a 20% discount, he makes 25% profit?
Solution
Sure, here is the step by step solution:
Step 1: Calculate the price after profit. Karan wants to make a 25% profit on the cost price of Rs. 1200. So, the price after profit would be 1200 + 25% of 1200 = Rs. 1500.
Step 2: Calculate the marked price. The price after profit is the price after giving a 20% discount. So, if 1500 is 80% (100% - 20%) of the marked price, then the marked price would be 1500 / 80 * 100 = Rs. 1875.
So, Karan should mark the sewing machine at Rs. 1875 to make a 25% profit even after offering a 20% discount.
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