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After allowing a 10% discount on the marked price ofan article, a dealer makesa profit of 5%. What is the marked price, if the cost
price of the article is Rs300?
Rs400
Rs375
Rs320
Rs350
- Let's understand the situation: The dealer offers a 10% discount on the marked price yet still manages to make a 5% profit based on the cost price of Rs300.
- To achieve a 5% profit, the selling price of the article must be Rs300 + 5% of Rs300 = Rs315.
- The selling price after a 10% discount would be 90% of the marked price.
- Therefore, 0.9 (Marked Price) = Rs315.
- Solving for the marked price: Marked Price = Rs315 / 0.9 = Rs350.
- Option 4: Rs350 is the right marked price.
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By: santosh ProfileResourcesReport error
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