Math Problem Statement

The shopkeeper sells his goods at 10% discount on the marked price. What price should he mark on an article that cost him 900 to gain 10% ?

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage
Profit and Loss
Discounts
Basic Algebra

Formulas

Selling Price (SP) = Cost Price (CP) × (1 + Gain%)
SP = Marked Price (MP) × (1 - Discount%)

Theorems

Percentage Calculation Theorem

Suitable Grade Level

Grades 6-8