Calculating Marked Price After Commission Deduction
Let the Marked Price (MP) of the T.V. set be MP.
A commission of 10% is deducted from the marked price. This means the selling price (SP) is 10% less than the marked price.
Commission Amount = $10\%$ of MP = $0.10 \times \text{MP}$
The cost after deducting the commission (Selling Price) is given as ₹9,090.
Selling Price = Marked Price - Commission Amount
₹9,090 = MP - $(0.10 \times \text{MP})$
₹9,090 = MP $(1 - 0.10)$
₹9,090 = $0.90 \times \text{MP}$
Finding the Marked Price
To find the marked price (MP), we rearrange the equation:
MP = $\frac{₹9,090}{0.90}$
MP = $₹\frac{90900}{90}$
MP = ₹10,100
Therefore, the marked price of the T.V. set is ₹10,100.00.
Similar Questions
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Important Questions from Discount and MP
If a trader marks the price of an article 50 percent more than the cost price and allows a discount of 30 percent, then what is his profit percentage?
What will be the selling price of an article if two successive discounts of 15% and 12% are offered on its marked price of Rs. 25,500?
Printed price of a mobile is Rs. 6,400. It is sold in Rs. 2,560 with two consecutive discount. If first discount is 20%, then what is the second discount?
Lekhana saves Rs. 15 on the purchase of a book when a discount of 20% is given. How much did she pay for the book?
What will be the selling price if three successive discounts of 10% is applied on an item marked at Rs 3000?
