Multiple choice

To gain 25% after allowing a discount of 10%, a shopkeeper must mark the price of an article which costs him Rs. 350 as

  1. Rs. 500

  2. Rs. 450

  3. Rs. 460

  4. Rs. 486
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price = 350. Desired profit = 25%, so Selling Price = 350 * 1.25 = 437.5. Discount = 10%, so Marked Price * 0.9 = 437.5. Marked Price = 437.5 / 0.9 = 486.11.

AI explanation

Using the formula for marked price, MP equals CP times (100 plus profit percentage) divided by (100 minus discount percentage). Here, the cost price is Rs. 350, the required profit is 25%, and the discount is 10%. Therefore, the marked price equals 350 times 125 divided by 90, resulting in Rs. 486.25, which rounds to Rs. 486.

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