Multiple choice

The cost price of a shirt is Rs.$900$. When it is sold at a discount of $10$%, a loss of $5$% is incurred. Find the marked price of the shirt.

  1. Rs.950

  2. Rs.1050

  3. Rs.930

  4. Rs.1020
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A Correct answer
Explanation

Loss of 5% on CP 900 means SP = 900 * 0.95 = 855. A discount of 10% on MP means SP = 0.9 * MP. So 0.9 * MP = 855, MP = 855 / 0.9 = 950.

AI explanation

Using the selling price formula, SP equals CP multiplied by (100 minus loss%) divided by 100, so the selling price is 900 times 0.95, equaling Rs 855. Using the marked price formula, MP equals SP times 100 divided by (100 minus discount%), we get 855 times 100 divided by 90. This results in a marked price of Rs 950.

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