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A shopkeeper buys an article for Rs 360....

A shopkeeper buys an article for Rs 360. He wants to make a gain of 25% on it after a discount of 10%. The marked price is

A

Rs. 486

B

Rs. 450

C

Rs. 500

D

Rs. 460

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price (MP) of the article, we can follow these steps: ### Step 1: Determine the Cost Price (CP) and the Desired Selling Price (SP) The shopkeeper buys the article for Rs 360. He wants to make a gain of 25%. To find the Selling Price (SP), we can use the formula: \[ SP = CP + \text{Gain} \] Where Gain is 25% of CP. First, we calculate the gain: \[ \text{Gain} = 25\% \text{ of } 360 = \frac{25}{100} \times 360 = 90 \] Now, we can find the Selling Price: \[ SP = 360 + 90 = 450 \] ### Step 2: Understand the Relationship Between Marked Price (MP), Selling Price (SP), and Discount The shopkeeper offers a discount of 10% on the marked price (MP). This means that the Selling Price (SP) is 90% of the Marked Price (MP): \[ SP = MP - \text{Discount} \] Since the discount is 10% of MP, we can express this as: \[ SP = MP - 0.10 \times MP = 0.90 \times MP \] ### Step 3: Set Up the Equation Now we can set up the equation using the Selling Price we calculated: \[ 450 = 0.90 \times MP \] ### Step 4: Solve for Marked Price (MP) To find MP, we can rearrange the equation: \[ MP = \frac{450}{0.90} \] Calculating this gives: \[ MP = 500 \] ### Conclusion The marked price of the article is Rs 500. ---
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