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An article is sold for Rs. 799.50 after ...

An article is sold for Rs. 799.50 after allowing two successive discounts of 18% and 22% on its marked price. The cost price of the article is Rs. 1,000. If it is sold at the marked price. then the gain is:
(a)250
(b)240
(c)300
(d)220

A

Rs. 250

B

Rs. 240

C

Rs. 300

D

Rs. 220

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 Discounts The article is sold for Rs. 799.50 after applying two successive discounts of 18% and 22%. We need to find the marked price (MP) first. ### Step 2: Calculate the Selling Price after Discounts Let the marked price be \( MP \). The selling price after the first discount of 18%: \[ SP_1 = MP \times \left(1 - \frac{18}{100}\right) = MP \times 0.82 \] After applying the second discount of 22% on the already discounted price: \[ SP = SP_1 \times \left(1 - \frac{22}{100}\right) = (MP \times 0.82) \times 0.78 \] Thus, \[ SP = MP \times 0.82 \times 0.78 \] ### Step 3: Set the Selling Price Equal to Rs. 799.50 We know that the selling price \( SP \) is Rs. 799.50. Therefore, we can write: \[ 799.50 = MP \times 0.82 \times 0.78 \] ### Step 4: Calculate the Combined Discount Factor Calculating \( 0.82 \times 0.78 \): \[ 0.82 \times 0.78 = 0.6396 \] ### Step 5: Solve for Marked Price (MP) Now, substituting back into the equation: \[ 799.50 = MP \times 0.6396 \] To find \( MP \): \[ MP = \frac{799.50}{0.6396} \approx 1249.23 \] ### Step 6: Round the Marked Price For simplicity, we can round \( MP \) to Rs. 1250. ### Step 7: Calculate the Gain if Sold at Marked Price The cost price (CP) of the article is Rs. 1,000. If sold at the marked price, the gain can be calculated as: \[ \text{Gain} = MP - CP = 1250 - 1000 = 250 \] ### Conclusion The gain when sold at the marked price is Rs. 250. ### Final Answer (a) 250 ---
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