Question

After selling a saree for Rs. 3360 a shopkeeper suffers a loss of 16%. If he wants to earn 15% profit after giving the discount of 8%, what will be the marked price of the saree?

1. Rs. 4800
2. Rs. 5000
3. Rs. 5500
4. Rs. 4000
5. Rs. 4600

Answer 1

Correct Answer - Option 2 : Rs. 5000

Given:

Selling Price = Rs. 3360

Discount = 8%

Loss = 16%

Profit = 15%

Formula Used:

C.P = S.P/(100 – loss%) × 100

M.P = C.P × (100 + profit%)/(100 – discount%)

Calculation:

∴ according to the formula:

C.P = S.P/(100 – loss%) × 100

⇒ C.P = 3360/(100 - 16) × 100

⇒ C.P = (3360/84) × 100

⇒ C.P = 40 × 100

⇒ C.P = Rs. 4000

∴ Marked Price = C.P × (100 + profit%)/(100 – discount%)

⇒ 4000 × (100 + 15)/(100 – 8)

⇒ 4000 × (115/92)

⇒ 4000 × 1.25

⇒ Rs. 5000

∴ The marked price of the saree should be Rs. 5,000.