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 dealer buys a wristwatch for Rs 225 and spends Rs 15 on its repairs. If he sells the same for Rs 300, find his profit percent.
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?
Find the unknowns x, y and z.
| Name of the item | Marked Price | Selling Price | Discount |
| Digital clock | ₹ 750 | ₹ 615 | z |
A branded Air-Conditioner (AC) has a marked price of ₹ 38000. There is a condition given for the customer.
Selling Price is the same ₹ 38000 but with attractive gifts worth ₹ 3000
Discount = M.P. − __________
Nathan paid ₹ 800 and bought 10 bottles of honey from a village vendor. He sold them in a city for ₹ 100 per bottle. Find his profit or loss
A fruit seller bought 2 dozen bananas at ₹ 20 a dozen and sold them at ₹ 3 per banana. Find his gain or loss
A store purchased pens at ₹ 216 per dozen. He paid ₹ 58 for conveyance and sold the pens at the discount of ₹ 2 per pen and made a overall profit of ₹ 50. Find the M.P. of each pen.
A real estate agent receives Rs 50,000 as commission, which is 4% of the selling price. At what price does the agent sell the property?
By selling a book for ₹ 50, a shopkeeper suffers a loss of 10%. The cost price of the book is ₹ 60.
