1.

A shopkeeper marks his goods at such a price that he can reduce 25% for cash and yet make 20% profit. Find the marked price of an item which costs him Rs. 750.1. Rs. 22502. Rs. 12003. Rs. 17004. Rs. 15005. None of the above

Answer» Correct Answer - Option 2 : Rs. 1200

Given:

Reduction price = 25%

C.P. = 100

Formula used:

C.P. : M.P. = (100 - discount) : (100 + Profit)

Calculations:

Here, discount = 25%

⇒ Profit = 20%

According to formula

⇒ C.P./M.P. = (100 - 25)/(100 + 20)

⇒ Here, if 75 = 750

⇒ Then, 120 = 1200

M.P. is Rs. 1200



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