1.

When the marked price of an item is reduced by 11%, the profit gained is 14%. If the cost price of the item is Rs. 810, what is the initial marked price?1). Rs. 10182). Rs. 1037.53). Rs. 1142.84). Rs. 1246.2

Answer»

LET the initial MARKED price be RS. ‘x’.

REDUCTION in price = 0.11x

⇒ Selling price = x – 0.11x = 0.89x

⇒ Profit GAINED = 0.14 × 810 = Rs. 113.4

⇒ Selling price = 810 + 113.4 = Rs. 923.4

⇒ 0.89x = 923.4

∴ x = Rs. 1037.5


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