Question Details

If the ratio of marked price and selling price of an article is 13:10. Shopkeeper earned 25% profit. If the difference between marked price and cost price of an article is Rs.450. find the selling price of an article.

Options

A

Rs.940

B

Rs.670

C

Rs.1040

D

Rs.900

Show Answer

Correct Answer :

Option D

Rs.900

Solution :

The correct option is Rs.900.

Let us solve the problem step-by-step using ratios and basic percentage concepts.

Step 1: Understand the given ratios and relations.
We are given that the ratio of Marked Price (MP) to Selling Price (SP) is:
MP:SP=13:10

So, we can express MP and SP in terms of a constant x as:
MP=13x
SP=10x

Step 2: Find the Cost Price (CP) in terms of x.
The shopkeeper earns a profit of 25%.
The relationship between Selling Price and Cost Price is given by:
SP=CP×1+25100=CP×125100=CP×54

Now, substituting SP=10x into the equation:
10x=CP×54

Solving for CP:
CP=10x×45=8x

Step 3: Use the difference between Marked Price and Cost Price to find x.
We are given that:
MP-CP=450

Substitute the values of MP and CP in terms of x:
13x-8x=450
5x=450
x=90

Step 4: Calculate the Selling Price (SP).
SP=10x=10×90=900

Thus, the selling price of the article is Rs.900.

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