Multiple choice

The price that Kamal should mark on a chair which costs him Rs. 1,500 to gain 15% after allowing a discount of 25% (in Rs.) is:

  1. 2,300

  2. 1,800

  3. 2,233

  4. 2,144
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost = 1500. Required profit = 15% of 1500 = 225. Selling Price = 1725. Discount = 25% of Marked Price (MP). SP = 0.75 * MP = 1725. MP = 1725 / 0.75 = 2300.

AI explanation

To gain 15% on a cost of Rs. 1,500, the target selling price is 1500 * 1.15 = Rs. 1,725. The marked price must allow a 25% discount, meaning Selling Price = Marked Price * 0.75. The required marked price is 1725 / 0.75 = Rs. 2,300.

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