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Rekha offers a discount of 10% on mark price an article and still makes a profit of 25%. If cost price of article is Rs. 360, what is mark price of the article?1. Rs. 4502. Rs. 4603. Rs. 4864. Rs. 500 |
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Answer» Correct Answer - Option 4 : Rs. 500 Given- Discount% = 10% Profit% = 25% CP = 360 Formula Used- Discount% = (MP – SP)/MP × 100 [where MP = Marked Price and SP = Selling Price] Profit% = (CP - SP)/CP × 100 [where CP = Cost Price and SP = Selling Price] Calculation- Let the Marked Price be 100x SP = 100x(1 - 10/100) ⇒ 90x According to Condition - 90x = 360 × (1 + 25/100) ⇒ 90x = 360 × 5/4 ⇒ 90x = 450 ⇒ x = 5 ∴ Marked Price of the article = 100 × 5 ⇒ Rs. 500 |
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