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A dealer buys a sofa set for Rs30000. At...

A dealer buys a sofa set for Rs30000. At what price must he mark it so that after allowing a discount of 10%, he still makes a profit of 5%?

A

Rs 37500

B

Rs 42450

C

Rs 35000

D

Rs 33000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine the marked price (MP) of the sofa set such that after giving a discount of 10%, the dealer still makes a profit of 5% on the cost price (CP) of Rs. 30,000. ### Step-by-Step Solution: 1. **Calculate the Selling Price (SP) for a 5% Profit:** - The cost price (CP) of the sofa set is Rs. 30,000. - To find the selling price (SP) that gives a profit of 5%, we use the formula: \[ SP = CP + (5\% \text{ of } CP) \] - Calculate 5% of CP: \[ 5\% \text{ of } 30000 = \frac{5}{100} \times 30000 = 1500 \] - Now, calculate SP: \[ SP = 30000 + 1500 = 31500 \] 2. **Determine the Marked Price (MP):** - The dealer allows a discount of 10% on the marked price (MP). - After the discount, the selling price (SP) is given by: \[ SP = MP - (10\% \text{ of } MP) \] - This can be rewritten as: \[ SP = MP \times (1 - 0.10) = MP \times 0.90 \] - We already calculated SP as Rs. 31,500, so we set up the equation: \[ 31500 = MP \times 0.90 \] 3. **Solve for the Marked Price (MP):** - Rearranging the equation gives: \[ MP = \frac{31500}{0.90} \] - Calculate MP: \[ MP = 35000 \] ### Final Answer: The marked price (MP) at which the dealer must sell the sofa set is **Rs. 35,000**.
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