Math Problem Statement

A dealer in furniture buys chair at rs 340 each at what price should he mark them for sale so that he may earn a profit of 25% after giving 15% discount?

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentage
Discount

Formulas

Selling Price = Cost Price + (Profit Percentage × Cost Price) / 100
Selling Price = (85/100) × Marked Price
Marked Price = (Selling Price × 100) / 85

Theorems

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Suitable Grade Level

Grades 7-9