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20% of product bought by a shopkeeper is...

20% of product bought by a shopkeeper is damaged and are sold at 30% discount. Remaining products is sold at a discount of 10%. If difference between total selling price of products sold at 30% discounts and 10% discount is 29,000, Then find the sum of marked price of all product? (in rs)

A

A)`50,000`

B

B)`40,000`

C

C)`25,000`

D

D)`75,000`

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 Problem The shopkeeper has a certain number of products, 20% of which are damaged and sold at a 30% discount. The remaining 80% are sold at a 10% discount. We need to find the total marked price of all products based on the difference in selling prices. ### Step 2: Define Variables Let the total number of products be represented as \( x \). - Damaged products = 20% of \( x \) = \( 0.2x \) - Undamaged products = 80% of \( x \) = \( 0.8x \) ### Step 3: Selling Price Calculation Assume the marked price of each product is \( M \). - Selling price of damaged products (30% discount): \[ \text{Selling Price (SP) of damaged products} = M \times (1 - 0.3) \times (0.2x) = 0.7M \times (0.2x) = 0.14Mx \] - Selling price of undamaged products (10% discount): \[ \text{Selling Price (SP) of undamaged products} = M \times (1 - 0.1) \times (0.8x) = 0.9M \times (0.8x) = 0.72Mx \] ### Step 4: Difference in Selling Prices According to the problem, the difference between the total selling price of products sold at a 30% discount and those sold at a 10% discount is 29,000: \[ \text{Difference} = \text{SP of damaged} - \text{SP of undamaged} \] \[ 0.72Mx - 0.14Mx = 29000 \] \[ 0.58Mx = 29000 \] ### Step 5: Solve for \( Mx \) Now, we can solve for \( Mx \): \[ Mx = \frac{29000}{0.58} = 50000 \] ### Step 6: Total Marked Price Calculation The total marked price of all products is: \[ \text{Total Marked Price} = M \times x \] From our calculation, \( Mx = 50000 \). ### Final Answer Thus, the sum of the marked price of all products is: \[ \text{Total Marked Price} = 50000 \text{ Rs} \]
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