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The cost of manufacturing an article was...

The cost of manufacturing an article was Rs. 900. The trader wants to gain 25% after giving a discount of 10%. The marked price must be :

A

Rs. 1500

B

Rs. 1250

C

Rs. 1200

D

Rs. 1000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine the marked price (MP) based on the given cost price (CP), desired profit percentage, and discount percentage. ### Step 1: Identify the given values - Cost Price (CP) = Rs. 900 - Desired Profit Percentage = 25% - Discount Percentage = 10% ### Step 2: Calculate the Selling Price (SP) To find the Selling Price (SP) after achieving the desired profit, we can use the formula: \[ SP = CP + (Profit \% \times CP) \] Calculating the profit: \[ Profit = 25\% \text{ of } 900 = \frac{25}{100} \times 900 = 225 \] Now, calculate the Selling Price: \[ SP = 900 + 225 = 1125 \] ### Step 3: Relate Selling Price to Marked Price using Discount The Selling Price is also related to the Marked Price (MP) through the discount given. The formula is: \[ SP = MP - (Discount \% \times MP) \] This can be rewritten as: \[ SP = MP \times \left(1 - \frac{Discount \%}{100}\right) \] Substituting the discount percentage: \[ SP = MP \times \left(1 - \frac{10}{100}\right) = MP \times 0.9 \] ### Step 4: Set up the equation using the Selling Price Now we can substitute the Selling Price we calculated earlier into the equation: \[ 1125 = MP \times 0.9 \] ### Step 5: Solve for Marked Price (MP) To find the Marked Price, we rearrange the equation: \[ MP = \frac{1125}{0.9} \] Calculating the Marked Price: \[ MP = 1250 \] ### Conclusion The marked price must be Rs. 1250.
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