This question is based on cost price and selling price .Therefore, the selling price is $136 and marked price is $160.
Given:
Rice cooker is sold at a discount of 15% = 0.15
Discount is = $24.
And, from above 0.15 = $24 ...(1)
We need to determined the marked price and selling price of rice cooker.
Let marked price be 1.
Thus, selling price is 1 - 0.15
From equation (1) 0.15 = $24
1 = a
[tex]a=\dfrac{1}{0.15}\times24[/tex]
= $160
Hence; marked price = $160.
Now , calculating the selling price,
0.15 = $24
0.85 = b
[tex]b = \dfrac{0.85}{0.15} \times 24[/tex]
= $136
Hence; selling price = $136
Therefore, the selling price is $136 and marked price is $160.
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