Question Details

The monthly sales of a product from January to April were 120, 135, 150 and 165 units, respectively. The cost price of the product was Rs. 240 per unit, and a fixed marked price was used for the product in all the four months. Discounts of 20%, 10% and 5% were given on the marked price per unit in January, February and March, respectively, while no discounts were given in April. If the total profit from January to April was Rs. 138825, then the marked price per unit, in rupees, was

Options

A

520

B

525

C

510

D

515

Show Answer

Correct Answer :

Option B

525

Solution :

The correct option is 525.

Let's find the marked price per unit step-by-step.

Let the fixed marked price of the product per unit be M rupees.

Step 1: Calculate the selling price (SP) per unit for each month
Based on the given discounts, we can express the selling price for each month in terms of M:
- January: A discount of 20% is given on the marked price.

SPJanuary=M×(10.20)=0.80M

- February: A discount of 10% is given on the marked price.

SPFebruary=M×(10.10)=0.90M

- March: A discount of 5% is given on the marked price.

SPMarch=M×(10.05)=0.95M

- April: No discount is given on the marked price.

SPApril=M

Step 2: Calculate the total revenue generated from sales
Multiply the sales volume of each month by its respective selling price per unit:
- January sales: 120 units

RevenueJanuary=120×0.80M=96M

- February sales: 135 units

RevenueFebruary=135×0.90M=121.5M

- March sales: 150 units

RevenueMarch=150×0.95M=142.5M

- April sales: 165 units

RevenueApril=165×M=165M

Summing these up to find the total revenue:

Total Revenue=96M+121.5M+142.5M+165M=525M

Step 3: Calculate the total cost price (CP)
First, find the total number of units sold from January to April:

Total Units Sold=120+135+150+165=570 units

Given that the cost price of the product was Rs. 240 per unit, the total cost price is:

Total CP=570×240=136800 rupees

Step 4: Use the total profit to solve for the marked price (M)
We know that:

Total Profit=Total RevenueTotal CP

Given that the total profit was Rs. 138825, we set up the equation:

525M136800=138825

Add 136,800 to both sides of the equation:

525M=138825+136800

525M=275625

Solve for M by dividing both sides by 525:

M=275625525

M=525

Thus, the marked price per unit was Rs. 525.

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