Question

Profit earned on selling an item after giving 25% discount on its marked price is Rs.60 and cost price of the item is 60% of its marked
price. What is the marked price of item?
Select one:
O
Rs. 445
0 Rs. 400
O Rs. 500
0 Rs. 295
0 Rs. 356​

Answer 1

Answer :-

Let us assume that, MP of item is Rs.100x .

so,

→ SP after giving 25% discount = (100x * 75)/100 = Rs.75x .

now,

→ Profit = Rs.60

→ CP = SP - Profit = Rs.(75x - 60)

A/q,

→ CP = 60% of MP

→ CP = (3/5) MP

→ CP/MP = (3/5)

→ (75x - 60) / 100x = 3/5

→ 75x - 60 = 60x

→ 15x = 60

→ x = 4

therefore,

→ MP of item = 100x = 100 * 4 = Rs.400 (Ans.)

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