A shopkeeper offers a discount of 22% on the marked price of each chair, and gives 13 chairs to a customer for the discounted price of 12 chairs to earn a profit of 26% on the transaction. If the cost price of each chair is Rs 100, then the marked price, in rupees, of each chair is
A shopkeeper offers a discount of 22% on the marked price of each chair, and gives 13 chairs to a customer for the discounted price of 12 chairs to earn a profit of 26% on the transaction. If the cost price of each chair is Rs 100, then the marked price, in rupees, of each chair is
Entered answer:
Solution
✅ Correct Answer: 175
Let the Marked Price of each chair
After a 22% discount, the customer pays 78% of the marked price.
Discounted Price per chair
The shopkeeper gives 13 chairs but charges for only 12 chairs at the discounted price.
Total Selling Price
The shopkeeper gives away 13 chairs, so:
Total Cost Price
A profit of 26% means Selling Price of Cost Price.
The Marked Price of each chair