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A man sold his article at 35% gain. If h...

A man sold his article at 35% gain. If he sold articles for Rs. 50 more, he would have gained 45% , If he wants a profit of 56% then what should be the marked price of the article if there is no discount offered?

A

Rs. 780

B

Rs. 886

C

Rs. 892

D

Rs. 986

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first determine the cost price of the article based on the given information about the selling prices and gains. ### Step 1: Define the Variables Let the cost price (CP) of the article be \( x \). ### Step 2: Calculate Selling Price for 35% Gain The selling price (SP) when the article is sold at a 35% gain can be calculated as: \[ SP_1 = CP + 35\% \text{ of } CP = x + 0.35x = 1.35x \] ### Step 3: Calculate Selling Price for 45% Gain If the man sold the article for Rs. 50 more, he would gain 45%. Therefore, the new selling price can be expressed as: \[ SP_2 = CP + 45\% \text{ of } CP = x + 0.45x = 1.45x \] According to the problem, \( SP_2 = SP_1 + 50 \): \[ 1.45x = 1.35x + 50 \] ### Step 4: Solve for Cost Price (CP) Now, we can solve for \( x \): \[ 1.45x - 1.35x = 50 \] \[ 0.10x = 50 \] \[ x = \frac{50}{0.10} = 500 \] ### Step 5: Calculate Selling Price for 56% Gain Now, we need to find the marked price (MP) if he wants a profit of 56%. The selling price for a 56% gain is: \[ SP_3 = CP + 56\% \text{ of } CP = x + 0.56x = 1.56x \] Substituting the value of \( x \): \[ SP_3 = 1.56 \times 500 = 780 \] ### Step 6: Conclusion Thus, the marked price of the article, if there is no discount offered, should be Rs. 780.
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