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The cost of manufacture of an article wa...

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

A

Rs 1250

B

Rs 1200

C

Rs 1000

D

Rs 1500

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 values - Cost Price (CP) = Rs 900 - Desired Profit Percentage = 25% - Discount Percentage = 10% ### Step 2: Calculate the Selling Price (SP) after profit To find the Selling Price (SP) that includes the desired profit, we can use the formula: \[ SP = CP + (Profit \% \times CP) \] Calculating the profit: \[ Profit = 25\% \text{ of } 900 = \frac{25}{100} \times 900 = 225 \] Thus, the Selling Price (SP) will be: \[ SP = 900 + 225 = 1125 \] ### Step 3: Relate Selling Price to Marked Price (MP) The Selling Price (SP) is also related to the Marked Price (MP) after applying the discount. The formula for this relationship is: \[ SP = MP - (Discount \% \times MP) \] This can be rewritten as: \[ SP = MP \times \left(1 - \frac{Discount \%}{100}\right) \] Substituting the values: \[ 1125 = MP \times \left(1 - \frac{10}{100}\right) \] This simplifies to: \[ 1125 = MP \times 0.90 \] ### Step 4: Solve for Marked Price (MP) To find the Marked Price (MP), we can rearrange the equation: \[ MP = \frac{1125}{0.90} \] Calculating this gives: \[ MP = 1250 \] ### Conclusion The marked price should be Rs 1250.
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