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While selling a cooler, a shopkeeper giv...

While selling a cooler, a shopkeeper gives a discount of 10% on the marked price. If he gives a discount of 12% he earns Rs 35 less as profit. The marked price of the cooler is

A

Rs. 1,650

B

Rs. 1,625

C

Rs. 1,725

D

Rs. 1,750

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote the marked price of the cooler as \( M \). ### Step 1: Define the marked price Let the marked price of the cooler be \( M \). ### Step 2: Calculate the selling price with a 10% discount When the shopkeeper gives a discount of 10%, the selling price (SP1) can be calculated as: \[ SP1 = M - (10\% \text{ of } M) = M - 0.1M = 0.9M \] ### Step 3: Calculate the selling price with a 12% discount When the shopkeeper gives a discount of 12%, the selling price (SP2) can be calculated as: \[ SP2 = M - (12\% \text{ of } M) = M - 0.12M = 0.88M \] ### Step 4: Set up the profit equations Let the cost price (CP) of the cooler be \( C \). The profit when selling at SP1 is: \[ \text{Profit1} = SP1 - C = 0.9M - C \] The profit when selling at SP2 is: \[ \text{Profit2} = SP2 - C = 0.88M - C \] ### Step 5: Relate the profits According to the problem, when a discount of 12% is given, the profit is Rs 35 less than when a discount of 10% is given. Therefore, we can write: \[ \text{Profit1} - \text{Profit2 = 35} \] Substituting the profit equations: \[ (0.9M - C) - (0.88M - C) = 35 \] This simplifies to: \[ 0.9M - 0.88M = 35 \] \[ 0.02M = 35 \] ### Step 6: Solve for the marked price Now, we can solve for \( M \): \[ M = \frac{35}{0.02} = 1750 \] ### Conclusion The marked price of the cooler is \( \text{Rs } 1750 \). ---
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KIRAN PUBLICATION-DISCOUNT-TYPE - IV
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