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Cost price of an article is Rs. 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in Rs.) of the article?
- a)6000
- b)7500
- c)6600
- d)6800
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Cost price of an article is Rs. 5500. It was sold at a profit of 9.09%...
Cost price of article = Rs. 5500
Profit = 9.09%
Profit% = (SP - CP)/CP × 100
9.09 = (SP - 5500)/5500 × 100 ⇒ SP = Rs. 6000
Discount % = (MP - SP)/MP × 100
Let the marked price be Rs. X and discount is 20%
20 = (X - 6000)/X × 100
(X - 6000) = X/5
⇒ X = Rs. 7500
Marked price = Rs. 7500
Most Upvoted Answer
Cost price of an article is Rs. 5500. It was sold at a profit of 9.09%...
Given:
Cost price of the article = Rs. 5500
Profit percentage = 9.09%
Discount percentage = 20%
To Find:
Marked price of the article
Solution:
Let's assume the marked price of the article as 'M'.
Calculating the Selling Price with Profit:
Profit percentage = (Selling Price - Cost Price) / Cost Price * 100
9.09% = (Selling Price - 5500) / 5500 * 100
Selling Price - 5500 = (9.09/100) * 5500
Selling Price - 5500 = (9.09/100) * 5500
Selling Price - 5500 = 500
Selling Price = 5500 + 500
Selling Price = Rs. 6000
Calculating the Selling Price with Discount:
Discount percentage = (Marked Price - Selling Price) / Marked Price * 100
20% = (M - 6000) / M * 100
20M = 100M - 600000
80M = 600000
M = 600000 / 80
M = Rs. 7500
Therefore, the marked price of the article is Rs. 7500. Hence, option B is the correct answer.
Cost price of the article = Rs. 5500
Profit percentage = 9.09%
Discount percentage = 20%
To Find:
Marked price of the article
Solution:
Let's assume the marked price of the article as 'M'.
Calculating the Selling Price with Profit:
Profit percentage = (Selling Price - Cost Price) / Cost Price * 100
9.09% = (Selling Price - 5500) / 5500 * 100
Selling Price - 5500 = (9.09/100) * 5500
Selling Price - 5500 = (9.09/100) * 5500
Selling Price - 5500 = 500
Selling Price = 5500 + 500
Selling Price = Rs. 6000
Calculating the Selling Price with Discount:
Discount percentage = (Marked Price - Selling Price) / Marked Price * 100
20% = (M - 6000) / M * 100
20M = 100M - 600000
80M = 600000
M = 600000 / 80
M = Rs. 7500
Therefore, the marked price of the article is Rs. 7500. Hence, option B is the correct answer.
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Cost price of an article is Rs. 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in Rs.) of the article?a)6000b)7500c)6600d)6800Correct answer is option 'B'. Can you explain this answer?
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Cost price of an article is Rs. 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in Rs.) of the article?a)6000b)7500c)6600d)6800Correct answer is option 'B'. 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 Cost price of an article is Rs. 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in Rs.) of the article?a)6000b)7500c)6600d)6800Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Cost price of an article is Rs. 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in Rs.) of the article?a)6000b)7500c)6600d)6800Correct answer is option 'B'. Can you explain this answer?.
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