Question 55

What price (in ₹) should Radha mark on a bag which costs ₹1680 so as to earn a profit of 25% after allowing a discount of 16% on the marked price?

Solution

Cost price of the bag = ₹1680

Profit = 25%

Selling price of the bag = $$\frac{125}{100}\times1680$$

Let the marked price of the bag = M

Discount = 16%

Selling price of the bag = $$\frac{84}{100}\times$$M

$$\Rightarrow$$ $$\frac{84}{100}\times$$M = $$\frac{125}{100}\times1680$$

$$\Rightarrow$$ M = 2500

Marked price of the bag = M = ₹2500

Hence, the correct answer is Option D

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