Question : A trader purchased a gift box for Rs. 150. What should be the marked price on the gift box so that after allowing a discount of 10%, he makes a profit of 10%?
Option 1: Rs. 180
Option 2: Rs. 183.3
Option 3: Rs. 186.6
Option 4: Rs. 190
Correct Answer: Rs. 183.3
Solution :
Given:
The cost price of the gift = Rs. 150
Profit% = 10%
Selling price = $150+(\frac{10}{100}×150)=150+15=165$
The given discount is 10%.
So, marked price = $\frac{100}{100-10}×165=\frac{1650}{9}≈183.30$
Hence, the correct answer is Rs. 183.30.
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