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Kabir buys an article with 25% discount ...

Kabir buys an article with `25%` discount on its marked price. He make a profit of `10%` by selling it at Rs. 660. The marked price is-

A

Rs. 600

B

Rs. 700

C

Rs. 800

D

Rs. 685

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price of the article that Kabir bought, we can follow these steps: ### Step 1: Find the Cost Price (CP) Kabir sells the article for Rs. 660 and makes a profit of 10%. We can use the formula for Cost Price (CP) based on Selling Price (SP) and Profit Percentage: \[ CP = \frac{SP \times 100}{100 + \text{Profit Percentage}} \] Substituting the values: \[ CP = \frac{660 \times 100}{100 + 10} = \frac{660 \times 100}{110} \] Calculating this gives: \[ CP = \frac{66000}{110} = 600 \] ### Step 2: Relate CP to Marked Price (MP) using Discount Kabir bought the article at a 25% discount on its marked price. This means that he paid 75% of the marked price (since 100% - 25% = 75%). We can express this relationship as: \[ 75\% \text{ of MP} = CP \] Substituting the value of CP we found: \[ 0.75 \times MP = 600 \] ### Step 3: Solve for Marked Price (MP) To find the marked price, we can rearrange the equation: \[ MP = \frac{600}{0.75} \] Calculating this gives: \[ MP = 600 \div 0.75 = 800 \] ### Conclusion The marked price of the article is Rs. 800.
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