A dealer bought a refrigerator for Rs. 11515. After allowing a discount of 16% on its marked price, he gains 20%. Find the marked price of the refrigerator.
Cost Price = Rs.11515
Gain = 20%
Selling Price = ![]()
![]()
= Rs.13818
Discount = 16%
Let × be the market price.
Market Price – Discount = Selling Price
× – 16% of × = 13818
× – 16x/100 = 13818
84x/100 = 13818
X= (13818 × 100) / 84
= Rs.16450
So, Market Price of refrigerator is Rs.16450
Couldn't generate an explanation.
Generated by AI. May contain inaccuracies — always verify with your textbook.