Problem Statement
A pen was marked up by 50% above cost price and allowed Rs 100 discount on marked price. If shopkeeper still made a profit of Rs. 100, then find the selling price of the pen (in Rs.)?
Explanation
Let CP = 100x. MP = 150x. SP = 150x – 100. Profit = SP – 100x = 100 → 50x = 200 → x = 4. SP = 150×4 – 100 = 500 Rs.
Practice Sets
This question appears in the following practice sets: