Home
Class 14
MATHS
A merchant bought an article after getti...

A merchant bought an article after getting 35% discount on its MRP. Merchant marks it Rs600 more than the price he had bought and gives a discount of 15%-on it. If amount of profit earn by merchant is Rs432, then find the initial marked for merchant.

A

Rs. 600

B

Rs. 800

C

Rs. 1000

D

Rs. 750

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break down the information provided and use algebra to find the initial marked price (MRP) for the merchant. ### Step 1: Define the MRP Let the MRP (Marked Price) be represented as \( M \). ### Step 2: Calculate the Cost Price The merchant bought the article at a 35% discount on the MRP. Therefore, the cost price (CP) can be calculated as: \[ CP = M \times \left(1 - \frac{35}{100}\right) = M \times \frac{65}{100} = 0.65M \] ### Step 3: Determine the Marked Price The merchant marks the article at Rs. 600 more than the cost price. Thus, the marked price (MP) is: \[ MP = CP + 600 = 0.65M + 600 \] ### Step 4: Calculate the Selling Price The merchant gives a discount of 15% on the marked price. The selling price (SP) can be expressed as: \[ SP = MP \times \left(1 - \frac{15}{100}\right) = MP \times \frac{85}{100} \] Substituting the value of MP from Step 3: \[ SP = (0.65M + 600) \times \frac{85}{100} \] ### Step 5: Set Up the Profit Equation The profit earned by the merchant is given as Rs. 432. Profit is calculated as: \[ Profit = SP - CP \] Substituting the values of SP and CP: \[ 432 = \left((0.65M + 600) \times \frac{85}{100}\right) - 0.65M \] ### Step 6: Simplify the Equation Now, we will simplify the equation: \[ 432 = \left(0.85 \times 0.65M + 600 \times 0.85\right) - 0.65M \] Calculating \( 600 \times 0.85 \): \[ 600 \times 0.85 = 510 \] So the equation becomes: \[ 432 = (0.5525M + 510) - 0.65M \] Combining like terms: \[ 432 = 510 - 0.0975M \] ### Step 7: Rearranging the Equation Rearranging gives: \[ 0.0975M = 510 - 432 \] Calculating the right side: \[ 0.0975M = 78 \] ### Step 8: Solve for M Now, divide both sides by 0.0975 to find M: \[ M = \frac{78}{0.0975} \approx 800 \] ### Conclusion Thus, the initial marked price (MRP) for the merchant is: \[ \text{MRP} = 800 \text{ Rs.} \]
Promotional Banner

Topper's Solved these Questions

  • DATA INTERPRETATION (DI)

    GAGAN PRATAP |Exercise MULTIPLE CHOICE QUESTION |47 Videos
  • HCF (HIGHEST COMMON FACTOR)

    GAGAN PRATAP |Exercise MULTIPLE CHOICE QUESTIONS|49 Videos

Similar Questions

Explore conceptually related problems

A shopkeeper marks the price of an article 50% above the cost price and declares a discount of 20%. If profit earned is Rs.30, then find the marked price

A merchant marked the price on his goods 20% more than its cost price and allows a discount of 15%. His profit per cent is

A tea set was bought for Rs. 528 after getting a discount of 12% on its marked price. Find the marked price of the tea set.

There is a 15% discount on 8 shirts marked at Rs.9,600. How many shirts can be bought with ₹5,100?

An article is sold for Rs.4777 after giving discount of 15% . What is the marked price of article ?

After giving a discount of 15% an article is sold at Rs. 2550, what is its marked price?

A shopkeeper gives 10% discount on marked price of an article and earns a profit of 25% on it. If cost price of the article is ₹ 2160, then find the marked price of the article?

GAGAN PRATAP -DISCOUNT-MULTIPLE CHOICE QUESTIONS
  1. A dealer marks articles at a price that gives him a profit of 30%. 6% ...

    Text Solution

    |

  2. Shyam went shopping to buy a mobile, the shopkeeper asked him to pay 2...

    Text Solution

    |

  3. A merchant bought an article after getting 35% discount on its MRP. Me...

    Text Solution

    |

  4. A company allows 15% discount and gets 19% profit. If the cost of the ...

    Text Solution

    |

  5. If an article is sold on 4x% discount then it sold at 20% loss and if ...

    Text Solution

    |

  6. If Fatima sells 60 identical toys at a 40% discount on the printed pri...

    Text Solution

    |

  7. In a market, the price of medium quality mangoes is half of good mango...

    Text Solution

    |

  8. MP of a chair is 37.5% more than its CP. If SP and MP both are increas...

    Text Solution

    |

  9. Sam bought an article at Rs.14800. He marks up the cost of article and...

    Text Solution

    |

  10. If the ratio of the mark price and selling price of an article is 13:9...

    Text Solution

    |

  11. If the discount of a book is 30% of the SP and discount % equals profi...

    Text Solution

    |

  12. If ratio of mark up : selling price 3 : 8 and ratio of discount: cost ...

    Text Solution

    |

  13. A trader sells 30 kg of sugar at Rs. 1000. A customer asks 24% discoun...

    Text Solution

    |

  14. Buy 7 get 2 free how much % discount it is?

    Text Solution

    |

  15. Giving two successive discounts of 25% is equal to giving one discount...

    Text Solution

    |

  16. Buy 11 get 3 free + 12.5% additional discount will result in?

    Text Solution

    |

  17. A man gets a discount 35% and then 12% on his food bill. How much equi...

    Text Solution

    |

  18. Three successive discount x%,y%,z% are given on an article marked at R...

    Text Solution

    |

  19. Three successive discounts of 15%, 10% and 8% is equivalent to a singl...

    Text Solution

    |

  20. Three consecutive discounts of 22%, 17% and 11 % are equivalent to a s...

    Text Solution

    |