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A discount of 14% on the marked price of...

A discount of 14% on the marked price of an article is allowed and then the article is sold for Rs 387. The marked price of the article is

A

Rs. 450

B

Rs. 427

C

Rs. 500

D

Rs. 440

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price (MP) of the article given that a discount of 14% is applied and the selling price (SP) is Rs 387, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the relationship between marked price, discount, and selling price**: The selling price after a discount can be calculated using the formula: \[ SP = MP \times \left(1 - \frac{D}{100}\right) \] where \(D\) is the discount percentage. 2. **Substitute the known values into the formula**: Here, the discount \(D\) is 14% and the selling price \(SP\) is Rs 387. Therefore, we can write: \[ 387 = MP \times \left(1 - \frac{14}{100}\right) \] 3. **Calculate the effective percentage after discount**: The effective percentage of the marked price after a 14% discount is: \[ 1 - \frac{14}{100} = \frac{86}{100} = 0.86 \] 4. **Rewrite the equation with the effective percentage**: Now we can rewrite the equation: \[ 387 = MP \times 0.86 \] 5. **Solve for the marked price (MP)**: To find the marked price, rearrange the equation: \[ MP = \frac{387}{0.86} \] 6. **Calculate the value**: Performing the division: \[ MP = \frac{387}{0.86} \approx 450 \] ### Final Answer: The marked price of the article is Rs 450.
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Knowledge Check

  • A discount of 2(1)/(2)% is given to the customer on the marked price of an article. A ma bought the article for Rs. 39. The marked price of the article is :

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    Rs 42
    B
    Rs. 36.5
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  • A dealer offers a discount of 10% on the marked price of an article and still makes a profit is Rs. 800, then the cost price of the article is :

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    Rs. 800
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    Rs. 700
    D
    Rs. 600
  • A shopkeeper allows a rebate of 12% on the marked price of an article such that the selling price is 440. Then the marked price of the article is

    A
    490
    B
    500
    C
    600
    D
    550
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