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What price should a shopkeeper mark on a...

What price should a shopkeeper mark on an article costing him Rs 200 to gain 35% after allowing a discount of 25% ?

A

Rs 270

B

Rs. 300

C

Rs. 330

D

Rs. 360

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price (MP) that a shopkeeper should set on an article costing him Rs 200 to gain a profit of 35% after allowing a discount of 25%, we can follow these steps: ### Step 1: Calculate the Selling Price (SP) To gain a profit of 35% on the cost price (CP), we first need to calculate the selling price (SP). \[ \text{SP} = \text{CP} + \text{Profit} \] \[ \text{Profit} = 35\% \text{ of CP} = 0.35 \times 200 = 70 \] \[ \text{SP} = 200 + 70 = 270 \] ### Step 2: Relate Selling Price to Marked Price The selling price is also related to the marked price (MP) through the discount given. If a discount of 25% is allowed on the marked price, we can express the selling price as: \[ \text{SP} = \text{MP} - \text{Discount} \] \[ \text{Discount} = 25\% \text{ of MP} = 0.25 \times \text{MP} \] Thus, we can rewrite the equation as: \[ \text{SP} = \text{MP} - 0.25 \times \text{MP} = 0.75 \times \text{MP} \] ### Step 3: Set Up the Equation Now we can set the two expressions for SP equal to each other: \[ 0.75 \times \text{MP} = 270 \] ### Step 4: Solve for Marked Price To find the marked price (MP), we can rearrange the equation: \[ \text{MP} = \frac{270}{0.75} \] \[ \text{MP} = 360 \] ### Conclusion The marked price that the shopkeeper should set on the article is Rs 360. ---
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