Advertisements
Advertisements
Question
A man buys a chair for ₹ 1500. He wants to sell it at a profit of ₹ 250 after making a discount of ₹ 100. What is the M.P. of the chair?
Advertisements
Solution
Cost of the chair = ₹ 1500
Profit needed = ₹ 250
Discount = ₹ 100
Profit = Selling price – Cost price
⇒ 250 = S.P. – 1500
⇒ S.P. = 250 + 1500
⇒ S.P. = ₹ 1750
Also, S.P. = M.P. – Discount
⇒ 1750 = M.P. – 100
⇒ 1750 + 100 = M.P.
⇒ M.P. = ₹ 1850
Marked Price = ₹ 1850
APPEARS IN
RELATED QUESTIONS
A milkman sold two of his buffaloes for Rs 20,000 each. On one he made a gain of 5% and on the other a loss of 10%. Find his overall gain or loss.
(Hint: Find CP of each)
A shopkeeper allows 20% off on the marked price of goods and still gets a profit of 25%. What is the actual cost to him of an article marked Rs 500?
The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was.
| Cost Price (in Rs.) |
Selling Price (in Rs) |
Profit or Loss | How much? |
| 4100 | 4090 |
Indrajit bought 10 refrigerators at Rs 12000 each and spent Rs 5000 on transport. For how much should he sell each refrigerator in order to make a profit of Rs 20000?
The total bill amount of a shirt costing ₹ 575 and a T-shirt costing ₹ 325 with GST of 5% is _______
If Guna marks his product to be sold for ₹ 325 and gives a discount of ₹ 30, then find the S.P.
A stationery shop owner bought a scientific calculator for ₹ 750. He had put a battery worth ₹ 100 in it. He had spent ₹ 50 for its outer pouch. He was able to sell it for ₹ 850. Find his profit or loss
The original price of a shampoo bottle bought for Rs 324 if 8% VAT is included in the price is Rs 300.
On selling a chair for Rs 736, a shopkeeper suffers a loss of 8%. At what price should he sell it so as to gain 8%?
A store is having a 25% discount sale. Sheela has a Rs 50 gift voucher and wants to use it to buy a board game marked for Rs 320. She is not sure how to calculate the concession she will get. The sales clerk has suggested two ways to calculate the amount payable.
- Method 1: Subtract Rs 50 from the price and take 25% off the resulting price.
Which method do you think stores actually use? Why?
