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A shopkeeper allows 20% discount on his advertised price and to make a profit of 25% on his outlay. What is the advertised price (in Rs.) on which he gains Rs 6000 ?

A

a)36000

B

b)37500

C

c)39000

D

d)42500

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the reasoning provided in the video transcript: ### Step 1: Understand the Profit and Cost Price The shopkeeper makes a profit of Rs. 6000, which is 25% of the cost price (CP). We can set up the equation: \[ \text{Profit} = \text{CP} \times \frac{25}{100} \] Given that the profit is Rs. 6000, we can write: \[ 6000 = \text{CP} \times \frac{25}{100} \] **Hint:** Remember that profit percentage is always calculated based on the cost price. ### Step 2: Calculate the Cost Price To find the cost price (CP), we rearrange the equation: \[ \text{CP} = \frac{6000 \times 100}{25} \] Calculating this gives: \[ \text{CP} = \frac{600000}{25} = 24000 \] **Hint:** To isolate CP, multiply both sides by 100 and then divide by 25. ### Step 3: Calculate the Selling Price The selling price (SP) is the cost price plus the profit: \[ \text{SP} = \text{CP} + \text{Profit} = 24000 + 6000 = 30000 \] **Hint:** Selling price can be found by adding the profit to the cost price. ### Step 4: Relate Selling Price to Advertised Price The shopkeeper offers a 20% discount on the advertised price (AP). The relationship between the selling price and the advertised price is given by: \[ \text{SP} = \text{AP} \times \left(1 - \frac{20}{100}\right) = \text{AP} \times 0.8 \] Substituting the selling price we found: \[ 30000 = \text{AP} \times 0.8 \] **Hint:** The selling price is 80% of the advertised price due to the discount. ### Step 5: Calculate the Advertised Price To find the advertised price (AP), we rearrange the equation: \[ \text{AP} = \frac{30000}{0.8} \] Calculating this gives: \[ \text{AP} = \frac{30000 \times 100}{80} = 37500 \] **Hint:** To isolate AP, divide the selling price by 0.8. ### Conclusion The advertised price on which the shopkeeper gains Rs. 6000 is Rs. 37,500. **Final Answer:** Rs. 37,500
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