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The cost price of an article is X 800. A...

The cost price of an article is X 800. After allowing a discount of 10%, a gain of 12.5% was made. Then, the marked price of the article is

A

?1000

B

?1100

C

?1200

D

?1300

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price of the article, we can follow these steps: ### Step 1: Understand the given information - Cost Price (CP) = ₹800 - Discount = 10% - Gain = 12.5% ### Step 2: Set up the equation for Selling Price (SP) The Selling Price after applying the discount can be calculated using the formula: \[ SP = MP \times \left(1 - \frac{\text{Discount}}{100}\right) \] Where MP is the Marked Price. ### Step 3: Express Selling Price in terms of Marked Price Substituting the discount into the formula: \[ SP = MP \times \left(1 - \frac{10}{100}\right) = MP \times \frac{90}{100} = 0.9 \times MP \] ### Step 4: Relate Selling Price to Gain The Selling Price can also be expressed in terms of the Cost Price and Gain Percentage: \[ SP = CP \times \left(1 + \frac{\text{Gain}}{100}\right) \] Substituting the values: \[ SP = 800 \times \left(1 + \frac{12.5}{100}\right) = 800 \times 1.125 = 900 \] ### Step 5: Set the two expressions for Selling Price equal to each other Now we have two expressions for Selling Price: \[ 0.9 \times MP = 900 \] ### Step 6: Solve for Marked Price (MP) To find MP, divide both sides by 0.9: \[ MP = \frac{900}{0.9} = 1000 \] ### Conclusion Thus, the Marked Price of the article is ₹1000. ---
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