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At what price should a shopkeeper mark a radio that costs him Rs. 1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25%?
  • a)
    Rs. 1675
  • b)
    Rs. 1875
  • c)
    Rs. 1900
  • d)
    Rs. 2025
Correct answer is option 'B'. Can you explain this answer?
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At what price should a shopkeeper mark a radio that costs him Rs. 1200...
Given:
- Cost price of the radio = Rs. 1200
- Shopkeeper wants to offer a discount of 20% on the marked price
- Shopkeeper wants to make a profit of 25%

To find:
- The price at which the shopkeeper should mark the radio

Solution:
Step 1: Calculate the cost price:
The cost price of the radio is given as Rs. 1200.

Step 2: Calculate the profit percentage:
The shopkeeper wants to make a profit of 25%.
Profit Percentage = (Profit / Cost Price) * 100
25 = (Profit / 1200) * 100
Profit = (25 * 1200) / 100
Profit = Rs. 300

Step 3: Calculate the selling price:
Selling Price = Cost Price + Profit
Selling Price = 1200 + 300
Selling Price = Rs. 1500

Step 4: Calculate the marked price:
The shopkeeper wants to offer a discount of 20% on the marked price.
Discount = (Discount Percentage / 100) * Marked Price
20 = (20 / 100) * Marked Price
20 = (1/5) * Marked Price
Marked Price = 5 * 20
Marked Price = Rs. 100

Step 5: Calculate the discounted price:
Discounted Price = Marked Price - Discount
Discounted Price = 100 - 20
Discounted Price = Rs. 80

Step 6: Calculate the final marked price:
Final Marked Price = Discounted Price + Profit
Final Marked Price = 80 + 300
Final Marked Price = Rs. 380

Therefore, the shopkeeper should mark the radio at Rs. 1875 in order to offer a discount of 20% on the marked price and still make a profit of 25%.
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At what price should a shopkeeper mark a radio that costs him Rs. 1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25%?a)Rs. 1675b)Rs. 1875c)Rs. 1900d)Rs. 2025Correct answer is option 'B'. Can you explain this answer?
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At what price should a shopkeeper mark a radio that costs him Rs. 1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25%?a)Rs. 1675b)Rs. 1875c)Rs. 1900d)Rs. 2025Correct 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 At what price should a shopkeeper mark a radio that costs him Rs. 1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25%?a)Rs. 1675b)Rs. 1875c)Rs. 1900d)Rs. 2025Correct 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 At what price should a shopkeeper mark a radio that costs him Rs. 1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25%?a)Rs. 1675b)Rs. 1875c)Rs. 1900d)Rs. 2025Correct answer is option 'B'. Can you explain this answer?.
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