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A shopkeeper sells his goods at 10% disc...

A shopkeeper sells his goods at `10%` discount on the marked price. What price should be marked on an article that costs him Rs. 900 to gain `10%` ?

A

Rs. 800

B

Rs. 900

C

Rs. 1000

D

Rs. 1100

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the marked price (MP) of an article that costs the shopkeeper Rs. 900, so that he can gain a profit of 10% after giving a discount of 10% on the marked price. ### Step 1: Calculate the Selling Price (SP) for a 10% Profit First, we need to find out what the selling price (SP) should be to achieve a profit of 10% on the cost price (CP). - **Cost Price (CP)** = Rs. 900 - **Profit Percentage** = 10% To find the selling price: \[ SP = CP + \left(\frac{Profit \%}{100} \times CP\right) \] \[ SP = 900 + \left(\frac{10}{100} \times 900\right) \] \[ SP = 900 + 90 = Rs. 990 \] ### Step 2: Relate Selling Price to Marked Price and Discount The shopkeeper sells the goods at a 10% discount on the marked price (MP). This means: \[ SP = MP - \left(\frac{Discount \%}{100} \times MP\right) \] Given that the discount is 10%, we can rewrite this as: \[ SP = MP - \left(\frac{10}{100} \times MP\right) \] \[ SP = MP \left(1 - \frac{10}{100}\right) \] \[ SP = MP \left(\frac{90}{100}\right) \] \[ SP = 0.9 \times MP \] ### Step 3: Substitute the Selling Price to Find Marked Price Now, we can substitute the selling price we calculated in Step 1 into this equation: \[ 990 = 0.9 \times MP \] To find MP, divide both sides by 0.9: \[ MP = \frac{990}{0.9} \] \[ MP = 1100 \] ### Final Answer The marked price (MP) that should be set on the article is **Rs. 1100**. ---
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