Class 8 Exam > Class 8 Questions > If the cost price of an item is ₹600 and it i... Start Learning for Free
If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?
- a)₹700
- b)₹800
- c)₹650
- d)₹780
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If the cost price of an item is ₹600 and it is marked up by 30%, what ...
Understanding the Cost Price and Marked Price
The cost price (CP) of an item is the amount paid to purchase it. In this case, the CP is ₹600. When an item is marked up, it means that the selling price is increased by a certain percentage over the cost price.
Calculating the Marked Price
To find the marked price (MP) when there is a markup of 30%, follow these steps:
- Determine the Markup Amount:
- The markup amount is calculated by multiplying the cost price by the markup percentage.
- Markup Amount = CP × Markup Percentage
- Markup Amount = 600 × 30/100 = ₹180
- Calculate the Marked Price:
- The marked price is the cost price plus the markup amount.
- MP = CP + Markup Amount
- MP = 600 + 180 = ₹780
Conclusion
Therefore, the marked price of the item after a 30% markup on the cost price of ₹600 is ₹780. The correct answer is option 'D'.
Key Takeaways
- Cost Price (CP): ₹600
- Markup: 30%
- Marked Price (MP): ₹780
This calculation demonstrates how to effectively apply percentage increases to determine the selling price of an item based on its cost price.
The cost price (CP) of an item is the amount paid to purchase it. In this case, the CP is ₹600. When an item is marked up, it means that the selling price is increased by a certain percentage over the cost price.
Calculating the Marked Price
To find the marked price (MP) when there is a markup of 30%, follow these steps:
- Determine the Markup Amount:
- The markup amount is calculated by multiplying the cost price by the markup percentage.
- Markup Amount = CP × Markup Percentage
- Markup Amount = 600 × 30/100 = ₹180
- Calculate the Marked Price:
- The marked price is the cost price plus the markup amount.
- MP = CP + Markup Amount
- MP = 600 + 180 = ₹780
Conclusion
Therefore, the marked price of the item after a 30% markup on the cost price of ₹600 is ₹780. The correct answer is option 'D'.
Key Takeaways
- Cost Price (CP): ₹600
- Markup: 30%
- Marked Price (MP): ₹780
This calculation demonstrates how to effectively apply percentage increases to determine the selling price of an item based on its cost price.
Free Test
FREE
| Start Free Test |
Community Answer
If the cost price of an item is ₹600 and it is marked up by 30%, what ...
Marked Price = Cost Price + (30% of Cost Price) = ₹600 + (0.30 × ₹600) = ₹600 + ₹180 = ₹780. Understanding markup is essential for pricing strategies in retail.
 | Explore Courses for Class 8 exam |  |
Top Courses for Class 8View all
Top Courses for Class 8
Question Description
If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer?.
If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer?.
Solutions for If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 8. Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free.
Here you can find the meaning of If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer?, a detailed solution for If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If the cost price of an item is ₹600 and it is marked up by 30%, what is the marked price?a) ₹700b) ₹800c) ₹650d) ₹780Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 8 tests.
| Explore Courses for Class 8 exam | |
Top Courses for Class 8
Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
