Ram bought an article for Rs.75. He sold it at a profit of 20%. If Ram

1.	Ram bought an article for Rs.75. He sold it at a profit of 20%. If Ram has offered a discount of 20%, then find the price (in Rs.) at which Ram had marked his article, before giving the discount.1. 111.502. 1103. 1154. 112.505. 116
Answer» Correct Answer - Option 4 : 112.50 Given: Cost Price of the Article (CP) = Rs.75 Profit earned on selling the article = 20% Discount offered on the Marked Price = 20% Formulae Used: Selling Price (SP) = [(100 + Profit%)/100] × CP Discount% = [(MP – SP)/MP] × 100 Calculation: Let the marked price of the article be Rs.x We can obtain the selling price from the given data as: SP = [(100 + 20)/100] × 75 ⇒ SP = Rs.90 We can obtain the MP using the formula for the Discount%, as: 20% = [(x – 90)/x] × 100 ⇒ 20x = 100x - 9000 ⇒ x = 9000/80 ⇒ x = 112.50 ∴ The price at which Ram had marked his article before giving the discount is Rs.112.50

Ram bought an article for Rs.75. He sold it at a profit of 20%. If Ram has offered a discount of 20%, then find the price (in Rs.) at which Ram had marked his article, before giving the discount.1. 111.502. 1103. 1154. 112.505. 116

Answer» Correct Answer - Option 4 : 112.50

Given:

Cost Price of the Article (CP) = Rs.75

Profit earned on selling the article = 20%

Discount offered on the Marked Price = 20%

Formulae Used:

Selling Price (SP) = [(100 + Profit%)/100] × CP

Discount% = [(MP – SP)/MP] × 100

Calculation:

Let the marked price of the article be Rs.x

We can obtain the selling price from the given data as:

SP = [(100 + 20)/100] × 75

⇒ SP = Rs.90

We can obtain the MP using the formula for the Discount%, as:

20% = [(x – 90)/x] × 100

⇒ 20x = 100x - 9000

⇒ x = 9000/80

⇒ x = 112.50

∴ The price at which Ram had marked his article before giving the discount is Rs.112.50

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