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A man purchased a shirt and pant with a ...

A man purchased a shirt and pant with a discount of 25% on its marked price. He sold them at a price 40% more than the price at which he bought them. How much per cent the new selling price to its marked price?

A

0.05

B

`7.5%`

C

0.09

D

`12.5%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Understand the Discount The man purchased a shirt and pant with a discount of 25% on the marked price (MP). This means he pays 75% of the marked price. **Calculation:** - Cost Price (CP) = (1 - Discount) × Marked Price - CP = (1 - 0.25) × MP = 0.75 × MP ### Step 2: Calculate the Selling Price He sold them at a price that is 40% more than the price at which he bought them (the cost price). **Calculation:** - Selling Price (SP) = Cost Price + Profit - Profit = 40% of Cost Price = 0.40 × CP - SP = CP + 0.40 × CP = 1.40 × CP Substituting the value of CP from Step 1: - SP = 1.40 × (0.75 × MP) = 1.05 × MP ### Step 3: Calculate the Percentage of Selling Price to Marked Price Now we need to find out how much percent the new selling price (SP) is to its marked price (MP). **Calculation:** - To find the percentage, we use the formula: \[ \text{Percentage} = \left( \frac{\text{SP}}{\text{MP}} \right) \times 100 \] - Substitute SP = 1.05 × MP: \[ \text{Percentage} = \left( \frac{1.05 \times MP}{MP} \right) \times 100 = 1.05 \times 100 = 105\% \] ### Final Answer The new selling price is 105% of the marked price. ---
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