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The cost price of an article is Rs. 200....

The cost price of an article is Rs. 200. If 20% profit is made after giving 20% discount on the maked price.The marked price is :

A

Rs. 300

B

Rs. 320

C

Rs. 420

D

Rs. 450

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price of the article given the cost price, profit percentage, and discount percentage, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Given Values**: - Cost Price (CP) = Rs. 200 - Profit Percentage = 20% - Discount Percentage = 20% 2. **Calculate the Selling Price (SP)**: - The selling price can be calculated using the formula: \[ SP = CP + (Profit \% \times CP) \] - Substitute the values: \[ SP = 200 + (20\% \times 200) = 200 + 40 = Rs. 240 \] 3. **Relate Selling Price to Marked Price (MP)**: - The selling price is also related to the marked price through the discount: \[ SP = MP - (Discount \% \times MP) \] - This can be rewritten as: \[ SP = MP \times (1 - \frac{Discount \%}{100}) \] - Substitute the discount percentage: \[ SP = MP \times (1 - 0.20) = MP \times 0.80 \] 4. **Set Up the Equation**: - Now we can set up the equation using the selling price calculated: \[ 240 = MP \times 0.80 \] 5. **Solve for Marked Price (MP)**: - Rearranging the equation gives: \[ MP = \frac{240}{0.80} \] - Now calculate the marked price: \[ MP = 240 \div 0.80 = 300 \] 6. **Conclusion**: - The marked price of the article is Rs. 300. ### Final Answer: The marked price is Rs. 300. ---
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