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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?
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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
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