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After allowing 10% discount , a dealer w...

After allowing 10% discount , a dealer wishes to sell a machine for Rs. 2,700. At what price must the machine be marked ?

A

Rs. 270

B

Rs. 3,000

C

Rs. 2,970

D

Rs. 2,430

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price of the machine, we can follow these steps: ### Step 1: Understand the relationship between Selling Price, Marked Price, and Discount The relationship can be expressed as: \[ \text{Selling Price (SP)} = \text{Marked Price (MP)} - \text{Discount} \] ### Step 2: Express the Discount in terms of Marked Price Given that the discount is 10%, we can express the discount as: \[ \text{Discount} = 10\% \text{ of Marked Price} = \frac{10}{100} \times \text{MP} = 0.1 \times \text{MP} \] ### Step 3: Substitute the Discount into the Selling Price equation Now, we can substitute the discount into the Selling Price equation: \[ \text{SP} = \text{MP} - 0.1 \times \text{MP} \] This simplifies to: \[ \text{SP} = 0.9 \times \text{MP} \] ### Step 4: Set up the equation with the given Selling Price We know from the question that the Selling Price (SP) is Rs. 2700. Therefore, we can write: \[ 2700 = 0.9 \times \text{MP} \] ### Step 5: Solve for Marked Price (MP) To find the Marked Price, we can rearrange the equation: \[ \text{MP} = \frac{2700}{0.9} \] ### Step 6: Calculate the Marked Price Now, perform the calculation: \[ \text{MP} = \frac{2700}{0.9} = 3000 \] ### Conclusion Thus, the marked price of the machine must be Rs. 3000. ---
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