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The cost price of an article is Rs. 800....

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

A

Rs. 1,000

B

Rs. 1,100

C

Rs. 1,200

D

Rs. 1,300

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) = Rs. 800 - Discount = 10% - Gain (Profit) = 12.5% ### Step 2: Calculate the Selling Price (SP) To find the Selling Price, we first need to determine the profit amount based on the Cost Price. 1. **Calculate the profit amount**: \[ \text{Profit} = \frac{12.5}{100} \times \text{CP} = \frac{12.5}{100} \times 800 = 100 \] 2. **Calculate the Selling Price**: \[ \text{SP} = \text{CP} + \text{Profit} = 800 + 100 = 900 \] ### Step 3: Relate Selling Price to Marked Price The Selling Price is related to the Marked Price (MP) through the discount given. 1. **Express Selling Price in terms of Marked Price**: \[ \text{SP} = \text{MP} - \text{Discount on MP} \] Since the discount is 10%, we can express it as: \[ \text{Discount} = 10\% \text{ of MP} = \frac{10}{100} \times \text{MP} = 0.1 \times \text{MP} \] Therefore, we can write: \[ \text{SP} = \text{MP} - 0.1 \times \text{MP} = 0.9 \times \text{MP} \] ### Step 4: Set up the equation Now we can set up the equation using the Selling Price we calculated: \[ 900 = 0.9 \times \text{MP} \] ### Step 5: Solve for Marked Price To find the Marked Price (MP), we rearrange the equation: \[ \text{MP} = \frac{900}{0.9} = 1000 \] ### Conclusion The marked price of the article is Rs. 1000. ---
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