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The cost price of a table is ₹ 3,200. A...

The cost price of a table is ₹ 3,200. A merchant wants to make 25 % profit by selling it. At the the time of sale he de clares a discount of 20 % on the marked price. The marked price (in ₹) is(

A

5000

B

6000

C

4000

D

4500

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price (MP) of the table, we can follow these steps: ### Step 1: Determine the desired selling price (SP) for a 25% profit. The cost price (CP) of the table is ₹3,200. To find the selling price that includes a 25% profit, we can use the formula: \[ SP = CP + (Profit \% \times CP) \] Calculating the profit: \[ Profit = 25\% \text{ of } 3200 = \frac{25}{100} \times 3200 = 800 \] Now, we can find the selling price: \[ SP = 3200 + 800 = 4000 \] ### Step 2: Understand the relationship between marked price (MP), selling price (SP), and discount. The merchant declares a discount of 20% on the marked price. The relationship can be expressed as: \[ SP = MP - (Discount \% \times MP) \] This can also be written as: \[ SP = MP \times (1 - \frac{Discount \%}{100}) \] ### Step 3: Substitute the known values into the equation. We know the selling price (SP) is ₹4,000 and the discount is 20%. Therefore, we can substitute these values into the equation: \[ 4000 = MP \times (1 - \frac{20}{100}) \] This simplifies to: \[ 4000 = MP \times (1 - 0.2) = MP \times 0.8 \] ### Step 4: Solve for the marked price (MP). To find MP, we rearrange the equation: \[ MP = \frac{4000}{0.8} \] Calculating this gives: \[ MP = 4000 \div 0.8 = 5000 \] ### Final Answer: The marked price (MP) of the table is ₹5,000. ---
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