Multiple choice

. Marked price of A is Rs. 1600 more than its cost price. When discount on A is 500 a profit of 25% is obtained. At what price should A be sold to obtain a 30% profit.

  1. 5468

  2. 6652

  3. 5720

  4. 5542

  5. 5982
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the cost price be C, so the marked price is C + 1600. Selling after a Rs. 500 discount gives C + 1100 = 1.25C, hence C = Rs. 4400; a 30% profit requires 1.3C = Rs. 5720.

AI explanation

Let the cost price be CP; the marked price is CP + 1600. The selling price after a Rs. 500 discount is (CP + 1100). Since this yields a 25% profit, CP + 1100 = 1.25CP, which means 0.25CP = 1100 and CP = 4400. To obtain a 30% profit, the required selling price is 4400 * 1.30 = 5720.

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