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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 need to determine the cost price of the article and then find the marked price for a desired profit of 56%. ### Step 1: Understand the given information - The man sells the article at a 35% gain. - If he sells it for Rs. 50 more, he gains 45%. ### Step 2: Let the cost price (CP) of the article be \( x \). - Selling Price (SP) at 35% gain: \[ SP_1 = CP + 35\% \text{ of } CP = x + 0.35x = 1.35x \] ### Step 3: Calculate the selling price at 45% gain. - Selling Price (SP) at 45% gain: \[ SP_2 = CP + 45\% \text{ of } CP = x + 0.45x = 1.45x \] ### Step 4: Set up the equation based on the information given. - According to the problem: \[ SP_2 = SP_1 + 50 \] Substituting the values we found: \[ 1.45x = 1.35x + 50 \] ### Step 5: Solve for \( x \). - Rearranging the equation: \[ 1.45x - 1.35x = 50 \] \[ 0.10x = 50 \] \[ x = \frac{50}{0.10} = 500 \] - So, the cost price of the article is Rs. 500. ### Step 6: Calculate the selling price for a 56% gain. - Selling Price (SP) for a 56% gain: \[ SP = CP + 56\% \text{ of } CP = x + 0.56x = 1.56x \] Substituting \( x = 500 \): \[ SP = 1.56 \times 500 = 780 \] ### Step 7: Conclusion - The marked price of the article, if no discount is offered, should be Rs. 780.
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