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What price should Suneeta marked on a Sa...

What price should Suneeta marked on a Saree which costs Rs 2,200 so as to gain `26%` after allowing a discount of `12%`

A

Rs 3,050

B

Rs 3,075

C

Rs 3,150

D

Rs 3,175

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price (MP) of the saree that Suneeta should set in order to gain 26% after allowing a discount of 12%, we can follow these steps: ### Step 1: Calculate the Selling Price (SP) The selling price can be calculated based on the cost price (CP) and the desired gain percentage. Given: - Cost Price (CP) = Rs 2,200 - Gain Percentage = 26% The formula for selling price when gain is involved is: \[ SP = CP + \left(\frac{Gain \%}{100} \times CP\right) \] Substituting the values: \[ SP = 2200 + \left(\frac{26}{100} \times 2200\right) \] \[ SP = 2200 + 572 \] \[ SP = 2772 \] ### Step 2: Relate Selling Price to Marked Price The selling price is also related to the marked price and the discount allowed. Given: - Discount Percentage = 12% The formula for selling price when discount is involved is: \[ SP = MP - \left(\frac{Discount \%}{100} \times MP\right) \] This can be rewritten as: \[ SP = MP \left(1 - \frac{Discount \%}{100}\right) \] Substituting the discount percentage: \[ SP = MP \left(1 - \frac{12}{100}\right) \] \[ SP = MP \left(0.88\right) \] ### Step 3: Set the Two Expressions for SP Equal Now, we can set the two expressions for SP equal to each other: \[ 2772 = MP \times 0.88 \] ### Step 4: Solve for Marked Price (MP) To find the marked price, we can rearrange the equation: \[ MP = \frac{2772}{0.88} \] \[ MP = 3150 \] ### Conclusion The marked price that Suneeta should set on the saree is Rs 3,150. ---
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