The discount is 500 rupees more than the cost price. Find the marked price if the profit is 20% and the discount is 50% of the marked price.

The discount is 500 rupees more than the cost price. Find the marked price if the profit is 20% and the discount is 50% of the marked price. Correct Answer 11000 rupees

Let the cost price be x. The discount = x + 500 Profit = 20% of x = 0.2x Selling price = profit + cost price = x + 0.2x = 1.2x The marked price = discount + selling price X + 1.2x = 2.2x Discount = 50% of the marked price = 2.2x / 2 = 1.1x 1.1x = x + 500 0.1 = 500 Marked price = 2.2x = 500 / 0.1 * 2.2 = 11000
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