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After allowing a 10% discount on the mar...

After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the article is ₹300?

A

₹400

B

₹375

C

₹320

D

₹350

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Understand the given data - Cost Price (CP) = ₹300 - Profit Percentage = 5% - Discount Percentage = 10% ### Step 2: Calculate the Selling Price (SP) The Selling Price can be calculated using the formula: \[ SP = CP \times \left(1 + \frac{\text{Profit Percentage}}{100}\right) \] Substituting the values: \[ SP = 300 \times \left(1 + \frac{5}{100}\right) = 300 \times \left(1 + 0.05\right) = 300 \times 1.05 = 315 \] So, the Selling Price (SP) is ₹315. ### Step 3: Calculate the Marked Price (MP) The Marked Price can be calculated using the formula: \[ MP = \frac{SP \times 100}{100 - \text{Discount Percentage}} \] Substituting the values: \[ MP = \frac{315 \times 100}{100 - 10} = \frac{315 \times 100}{90} \] Calculating this: \[ MP = \frac{31500}{90} = 350 \] So, the Marked Price (MP) is ₹350. ### Final Answer The marked price of the article is ₹350. ---
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