A shopkeeper marks an article at such a price that after giving a discount of 12.5% on the marked price, he still earns a profit of 15%. If the cost price of the article is 385 Rs, then the sum of the marked price and the selling price of the article is?
Answer & explanation
Correct answer: option 1
{to be used ahead (-) 12.5 % =\(\frac{7}{8}\)
(+) 15% = \(\frac{23}{20}\)
CP = 385},
ATQ, S.P. is equals to:
⇒ MP × 87.5% = CP × 115%
⇒ MP × \(\frac{7}{8}\) = 385 × \(\frac{23}{20}\)
⇒ MP = 385 × \(\frac{8}{7}\) × \(\frac{23}{20}\)
⇒ MP = 506
⇒ SP = MP × \(\frac{7}{8}\)
⇒ MP + SP = 506 + (506 × \(\frac{7}{8}\))
= 506 (1 + \(\frac{7}{8}\))
= 506 × \(\frac{15}{8}\)
= 948.75