Multiple choice

After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the article is Rs. 300?

  1. Rs. 400

  2. Rs. 375

  3. Rs. 320

  4. Rs. 350
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost Price = 300. Profit = 5%, so Selling Price = 300 * 1.05 = 315. Let Marked Price be M. 0.9M = 315. M = 315 / 0.9 = 350.

AI explanation

To find the marked price, use the discount and profit relationship formula: Marked Price multiplied by (100 minus discount percentage) equals Cost Price multiplied by (100 plus profit percentage). Substituting the given values gives Marked Price multiplied by 90 equals 300 multiplied by 105. Solving this equation, the Marked Price is 31500 divided by 90, which results in Rs. 350.

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