A shopkeeper marks his goods in such a way that after allowing a discount of 12.5% on marked price he still makes a profit of 10%.If the cost price of good is Rs 245, then find its marked price.

Explanation

Given

The shopkeeper makes a profit of 10%.

Gain=selling price-cost price

selling price=`245+10/100xx245=Rs.269.5`

Now let the marked price be=>X.

=>`X-12.5/100xxX=269.5`

=>`875/1000xxX=269.5`

=>`X=Rs.308`