A retailer gives 36% discount to his customer on the marked price of an article. In this transaction he earns a profit of 36% on the article. If the article costs ₹4,200 to the retailer, what is its marked price (in ₹)?
- A8,925
- B9,925
- C9,950
- D8,950
Solution & Step-by-step Explanation
We can use the direct relation between Cost Price (CP) and Marked Price (MP):
CP
MP
=
100−Discount %
100+Profit %
Given:
CP=₹4,200
Profit %=36%
Discount %=36%
Substitute the values:
4200
MP
=
100−36
100+36
4200
MP
=
64
136
MP=4200×
64
136
MP=4200×
8
17
MP=525×17=8925
Thus, the marked price is ₹8,925.
CP
MP
=
100−Discount %
100+Profit %
Given:
CP=₹4,200
Profit %=36%
Discount %=36%
Substitute the values:
4200
MP
=
100−36
100+36
4200
MP
=
64
136
MP=4200×
64
136
MP=4200×
8
17
MP=525×17=8925
Thus, the marked price is ₹8,925.