Multiple choice

A man purchased an article for Rs. 1,800 and he spent Rs. 165 on its transportation and Rs. 35 on its installation. Now he gets bored of it and wants to sell it. For this, he allows a discount of 30% to a customer but he wants to make a profit of 40% in this deal. So, at what price should he mark his article?

  1. Rs. 3,571.42

  2. Rs. 4,000

  3. Rs. 3,500

  4. Rs. 5,000

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost = 1800 + 165 + 35 = 2000. Desired profit = 40% of 2000 = 800. Required selling price = 2800. Discount = 30%, so 2800 = 0.7 * Marked Price. Marked Price = 2800 / 0.7 = 4000.

AI explanation

The total cost price includes the purchase price, transportation, and installation, totaling Rs. 1,800 plus Rs. 165 plus Rs. 35, which equals Rs. 2,000. To make a 40% profit on this deal, the required selling price is 140% of Rs. 2,000, or Rs. 2,800. The shopkeeper wants to offer a 30% discount on the marked price, meaning the marked price must be such that 70% of it equals Rs. 2,800. Therefore, the marked price is calculated as 2800 divided by 0.70, which equals Rs. 4,000.

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