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Rajat sharma

· started a discussion

· 1 Months ago

What is the use of marked price here. (Question: 183095.0 )

Gumrah Kiya Gya h qus me

Question:
By selling an article for Rs.1512 a retailer got 5.5% loss after allowing a discount of 10%. What is the marked price if he wants to get 20% profit after allowing a discount of 20%?
Options:
A) Rs.2400
B) Rs.2450
C) Rs.2200
D) Rs.1800
Solution:
Ans: (a) The marked price of the article = \(\cfrac{1512}{0.9}\) = Rs.1680

The cost price of the article = \(\cfrac{1512}{0.945}\) = Rs.1600

MP\(\times\) 80% = CP \(\times\) 120%

\(\frac{MP}{CP} = \frac{120}{80}=\frac{3}{2}\)

\(MP =CP\times\frac{3}{2}\)

=1600 \(\times\)\(\frac{3}{2}\)

The new marked price will be = Rs.2400

Knowledge Expert

· commented

· 1 Months ago

Dear student
We have updated the solution,
hope you understand now.

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