a gas stove is bought for rs 3750 and is marked at 40% above its cost price.finds its marked price
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Given:
A gas stove is purchased at Rs 3750 and is marked at 40% above its cost price.
To Find:
The marked price of the gas stove is?
Solution:
The given problem can be solved using the concepts of profit and loss.
1. The initial price of the Gas stove is Rs 3750. Let the marked price be Rs x.
2. The Marked price can be calculated using the formula,
=> Marked price = Cost price + profit - loss.
3. The marked price can be calculated using the above formula,
=> Marked price = 3750 + 40% of 3750,
=> x = 3750 + (40x3750)/100,
=> x = 3750 + 4 x 375,
=> x = 3750 + 1500,
=> x = 5250.
=> Marked price = Rs 5250.
Therefore, the Marked price of the gas stove is Rs 5250.
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