after allowing a discount of 20 percent a dealer still gains 20 percent. Find the marked price of the electric fan which costs him

after allowing a discount of 20 percent a dealer still gains 20 percent. Find the marked price of the electric fan which costs him rupees 1600

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  1. If after allowing a discount of 20 percent a dealer still gains 20 percent. the marked price of the electric fan which costs him rupees 1600 is rupees 2,400.

    How to find the market price?

    First step is to find the selling price
    Selling price = 1600 + (1600 × 20%)
    Selling price = 1600 + 320
    Selling price = 1,920
    Now let find the market price
    Market price = 100 × 1,920 ÷ (100 -20)
    Market price = 100 × 1,920 ÷ 80
    Market price = 2,400
    Therefore the market price is rupees 2,400.
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