A shopkeeper marked the price of an article in such a way that after allowing the discount of 10%, he gains 15%. If the cost price of article is ₹ 39960, then what will be the marked price?
Answer
Correct Answer : c ) ₹ 51060
Explanation :Quick Approach 1:
We know that,
So, according to the question
MP = ₹ 51060
Hence, (c) is the correct answer.
Quick Approach 2:
We know that
Let us assume 10 units corresponds to MP and so, 9 units will correspond to SP
Let us assume 20 units corresponds to CP and so, 23 units will correspond to SP
As SP is same thus equating the ratios to equate the units of SP
Now,
From the above figure, we can say that
180 units correspond to ₹ 39960
1 unit will correspond to ₹ 222
230 units = 222 × 230 = ₹ 51060
As 230 units are the value of MP so our MP will be ₹ 51060
Hence, (c) is the correct answer.
Basic Method:
Let the Market Price (MP) of an article is ₹ x
Selling Price (SP) = MP – Discount
Now,
SP = Cost Price (CP) + Profit
From equation (1)
Therefore, the marked price of the article is ₹ 51060.
Hence, (c) is the correct answer.
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