A salesman sold a book at 5%of the marked price instead of discounting the marked price by 5%.If he sold the book for Rs.4.20,what was the price for which he should have sold the book?
the marked price should have been .95p, or 19*.05p = 19*4.20 = 79.80
To find the price for which the salesman should have sold the book, we can use the concept of inverse percentage.
First, let's work with the given information. We know that the salesman sold the book for Rs. 4.20, and he sold it at 5% of the marked price.
Now, let's calculate the selling price as a percentage of the marked price. Since he sold it for Rs. 4.20 and it was 5% of the marked price, we can set up the following equation:
Selling price = 5% of the marked price
4.20 = (5/100) * marked price
Next, we can rearrange the equation to find the marked price:
marked price = (4.20 * 100) / 5
marked price = 84
Therefore, the marked price for which the salesman should have sold the book is Rs. 84.