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While selling a shirt, a shopkeeper give...

While selling a shirt, a shopkeeper gives a discount of 7%. If he had given a discount of 9%, he would have got Rs. 15 less as profit. The marked price of the shirt is

A

Rs.750

B

Rs.720

C

Rs.712.50

D

Rs.600

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the reasoning presented in the video transcript. ### Step 1: Define Variables Let the marked price of the shirt be \( M \). **Hint:** Start by identifying what you need to find and define your variables clearly. ### Step 2: Calculate Selling Prices 1. When a discount of 7% is given, the selling price (SP1) can be calculated as: \[ SP1 = M - 0.07M = 0.93M \] This means the selling price after a 7% discount is 93% of the marked price. 2. When a discount of 9% is given, the selling price (SP2) can be calculated as: \[ SP2 = M - 0.09M = 0.91M \] This means the selling price after a 9% discount is 91% of the marked price. **Hint:** Use the formula for selling price after applying a discount: \( SP = M - (Discount \times M) \). ### Step 3: Set Up the Profit Difference Equation According to the problem, if the shopkeeper gives a discount of 9%, he would earn Rs. 15 less profit than when he gives a discount of 7%. Therefore, we can set up the equation: \[ SP1 - SP2 = 15 \] Substituting the expressions for SP1 and SP2: \[ 0.93M - 0.91M = 15 \] **Hint:** Relate the selling prices to the profit difference stated in the problem. ### Step 4: Simplify the Equation Now, simplify the equation: \[ 0.02M = 15 \] **Hint:** Combine like terms to isolate the variable. ### Step 5: Solve for M To find \( M \), divide both sides by 0.02: \[ M = \frac{15}{0.02} = 750 \] **Hint:** When solving for a variable, ensure you perform the same operation on both sides of the equation. ### Conclusion The marked price of the shirt is Rs. 750. **Final Answer:** The marked price of the shirt is Rs. 750. ---
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ARIHANT SSC-DISCOUNT-FAST TRACK PRACTICE
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