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A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?
- a)Rs. 1500
- b)Rs. 2000
- c)Rs. 2500
- d)Rs. 3000
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
A shopkeeper announced a discount of 30%, such that he earned a profit...
Let the marked price of the product be Rs. ‘x’
⇒ Discount = 30% of x = 0.3x
⇒ Selling price = Marked price – Discount = x – 0.3x = 0.7x
Now,
⇒ Profit earned = 16.67% of Cost Price = CP/6
Also,
⇒ Selling price = Cost price + Profit
⇒ 0.7x = CP + (CP/6)
⇒ 0.7x = (7/6)CP
⇒ CP = 0.6x
⇒ Profit earned = CP/6 = 0.6x/6 = 0.1x
As, Profit earned = Rs. 250
⇒ 0.1x = 250
⇒ x = 250/0.1 = Rs. 2500
∴ Marked price of product is Rs. 2500
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A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?a)Rs. 1500b)Rs. 2000c)Rs. 2500d)Rs. 3000Correct answer is option 'C'. Can you explain this answer?
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A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?a)Rs. 1500b)Rs. 2000c)Rs. 2500d)Rs. 3000Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?a)Rs. 1500b)Rs. 2000c)Rs. 2500d)Rs. 3000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?a)Rs. 1500b)Rs. 2000c)Rs. 2500d)Rs. 3000Correct answer is option 'C'. Can you explain this answer?.
A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?a)Rs. 1500b)Rs. 2000c)Rs. 2500d)Rs. 3000Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?a)Rs. 1500b)Rs. 2000c)Rs. 2500d)Rs. 3000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper announced a discount of 30%, such that he earned a profit of 16.67% on all his products. If the profit earned is Rs. 250, what is its marked price?a)Rs. 1500b)Rs. 2000c)Rs. 2500d)Rs. 3000Correct answer is option 'C'. Can you explain this answer?.
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