A shopkeeper allows rebate of 25% to buyer. He sells only smuggled goods ans as a bribe he pays 10% of the CP. If his CP=2500, then what should be the marked price if he desire to make profit of 9.09%?

Question

anonymous · Answer

ok so it's like
CP+bribe=total cost of the shopkeeper, right?

anonymous · Answer

=2500+10%(2500)=2500+250=2750

anonymous · Answer

yes that's right

anonymous · Answer

ok so now it says he wants 9.09% profit on that
=2750+(9.09% of 2750)=3000

anonymous · Answer

ok i get it but answer is 4000? (

anonymous · Answer

wait it's not yet complete...so
this 3000 he has got after rebate of 25% so to calculate that we should go in reverse order...
that's increasing 3000 by 33.3%=4000(Ans)
hope it's clear!

anonymous · Answer

Ah! ok thanks @aryandecoolest

anonymous · Answer

well..anytime )