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A trader marks his goods in such a way t...

A trader marks his goods in such a way that even after allowing 15% discount on marked price he still gains 27.5%. If the cost price of the goods is 200, then its marked price is:

A

Rs 300

B

Rs 250

C

Rs 400

D

Rs 350

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price of the goods, we can follow these steps: ### Step 1: Determine the Selling Price The cost price (CP) of the goods is given as 200. The trader gains 27.5% on the cost price. To calculate the selling price (SP), we can use the formula: \[ SP = CP + \text{Gain} \] Where Gain is calculated as: \[ \text{Gain} = \frac{27.5}{100} \times CP \] Substituting the values: \[ \text{Gain} = \frac{27.5}{100} \times 200 = 55 \] Now, substituting back to find SP: \[ SP = 200 + 55 = 255 \] ### Step 2: Relate Selling Price to Marked Price The trader allows a discount of 15% on the marked price (MP). After applying the discount, the selling price can be expressed as: \[ SP = MP - \text{Discount} \] The discount can be calculated as: \[ \text{Discount} = \frac{15}{100} \times MP = 0.15 \times MP \] Thus, we can rewrite the equation as: \[ SP = MP - 0.15 \times MP = 0.85 \times MP \] ### Step 3: Set Up the Equation Now we can set up the equation using the selling price we calculated: \[ 255 = 0.85 \times MP \] ### Step 4: Solve for Marked Price To find the marked price (MP), we can rearrange the equation: \[ MP = \frac{255}{0.85} \] Calculating this gives: \[ MP = 300 \] ### Final Answer The marked price of the goods is **300**. ---
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