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The marked price of an article is 80% mo...

The marked price of an article is 80% more than its cost price. What should be the discount (in %) offered by the shopkeeper so that he earns a profit of 44%?

A

10

B

20

C

30

D

44

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Determine the Cost Price (CP) Let the Cost Price (CP) of the article be \( x \). ### Step 2: Calculate the Marked Price (MP) The marked price is 80% more than the cost price. Therefore, we can calculate the marked price as follows: \[ MP = CP + 80\% \text{ of } CP = x + 0.8x = 1.8x \] ### Step 3: Calculate the Selling Price (SP) for a 44% Profit The selling price should give a profit of 44% over the cost price. Thus, we can calculate the selling price as: \[ SP = CP + 44\% \text{ of } CP = x + 0.44x = 1.44x \] ### Step 4: Set up the equation for the discount We know that the selling price is also equal to the marked price minus the discount. Let the discount be \( d \). Therefore, we can write: \[ SP = MP - d \] Substituting the values we have: \[ 1.44x = 1.8x - d \] ### Step 5: Solve for the discount \( d \) Rearranging the equation to find \( d \): \[ d = 1.8x - 1.44x = 0.36x \] ### Step 6: Calculate the discount percentage The discount percentage can be calculated as follows: \[ \text{Discount Percentage} = \left( \frac{d}{MP} \right) \times 100 = \left( \frac{0.36x}{1.8x} \right) \times 100 \] The \( x \) cancels out: \[ \text{Discount Percentage} = \left( \frac{0.36}{1.8} \right) \times 100 = 20\% \] ### Conclusion The discount that should be offered by the shopkeeper to earn a profit of 44% is **20%**. ---
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