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Cost price of an article is रु 5500. It...

Cost price of an article is रु 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in रु ) of the article?

A

6000

B

7500

C

6600

D

6800

Text Solution

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The correct Answer is:
To find the marked price of the article, we will follow these steps: ### Step 1: Determine the Selling Price (SP) The cost price (CP) of the article is given as रु 5500. The article is sold at a profit of 9.09%. To find the selling price, we can use the formula: \[ \text{Selling Price} = \text{Cost Price} + \text{Profit} \] First, we need to calculate the profit. The profit percentage is 9.09%, which can be expressed as a fraction: \[ \text{Profit} = \frac{9.09}{100} \times \text{CP} = \frac{9.09}{100} \times 5500 \] Calculating this gives: \[ \text{Profit} = 0.0909 \times 5500 = 500 \] Now, we can find the selling price: \[ \text{SP} = 5500 + 500 = 6000 \] ### Step 2: Relate Selling Price to Marked Price (MP) The article is sold at a discount of 20%. This means that the selling price is 80% of the marked price (MP). We can express this as: \[ \text{SP} = \text{MP} \times \left(1 - \frac{20}{100}\right) = \text{MP} \times 0.8 \] Substituting the selling price we found: \[ 6000 = \text{MP} \times 0.8 \] ### Step 3: Solve for Marked Price (MP) To find the marked price, we rearrange the equation: \[ \text{MP} = \frac{6000}{0.8} \] Calculating this gives: \[ \text{MP} = \frac{6000}{0.8} = 7500 \] ### Conclusion The marked price of the article is रु 7500. ---

To find the marked price of the article, we will follow these steps: ### Step 1: Determine the Selling Price (SP) The cost price (CP) of the article is given as रु 5500. The article is sold at a profit of 9.09%. To find the selling price, we can use the formula: \[ \text{Selling Price} = \text{Cost Price} + \text{Profit} ...
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