Multiple choice

A shopkeeper gives 10% discount on marked price and earns a profit of 25%. If cost price of thing is Rs. 2160, what is the marked price of thing?

  1. 2800

  2. 2900

  3. 3000

  4. 3100
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = 2160. Profit = 25%, so Selling Price = 2160 * 1.25 = 2700. Since 10% discount is given on Marked Price (MP), 0.9 * MP = 2700. Thus, MP = 2700 / 0.9 = 3000.

AI explanation

Using the profit calculation, Selling Price equals 2160 plus 25 percent of 2160, resulting in Rs. 2700. Then applying the marked price formula, Marked Price equals Selling Price divided by 0.90 because a 10 percent discount is offered. This gives 2700 divided by 0.90, which calculates to a marked price of Rs. 3000.

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