Multiple choice

The marked price of an article is Rs. 5000. It is purchased at a discount of 20%. If Rs. 200 is spent on its repairs, then what should be the selling price (in Rs.) to gain 15% profit?

  1. 4830

  2. 4600

  3. 5570

  4. 5200
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Purchase price = 5000 * 0.8 = 4000. Total cost = 4000 + 200 = 4200. To gain 15% profit, Selling Price = 4200 * 1.15 = 4830.

AI explanation

The purchase price is the marked price minus a 20% discount, calculated as 80% of Rs. 5000, which equals Rs. 4000. Adding the Rs. 200 repair cost makes the effective cost price Rs. 4200. To gain a 15% profit, the selling price must be 115% of Rs. 4200, which is 4200 multiplied by 1.15, resulting in Rs. 4830.

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