If the CP of item D is 1400 then what will be the MRP (approximately) of item C which is sold at 20% profit after giving a discount of 10%? OPTIONS Rs 846 Rs 746 Rs 946 Rs 1046
Question
If the CP of item D is 1400 then what will be the MRP (approximately) of item C which is sold at 20% profit after giving a discount of 10%? OPTIONS
Rs 846
Rs 746
Rs 946
Rs 1046
Solution
To solve this problem, we need to first understand the relationship between Cost Price (CP), Selling Price (SP), Marked Price (MP) or Maximum Retail Price (MRP), discount and profit.
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The Selling Price (SP) of an item is its Cost Price (CP) plus profit. In this case, the item is sold at a 20% profit. So, the SP of item D would be 1400 + 20% of 1400 = 1400 + 280 = 1680.
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The Marked Price (MP) or Maximum Retail Price (MRP) is the price at which the item is sold after giving a discount. In this case, a discount of 10% is given. So, the MRP of item D would be the price at which 10% discount results in the SP.
Let's denote the MRP as x. So, x - 10% of x = SP. Substituting the values, we get x - 0.1x = 1680. Simplifying this, we get 0.9x = 1680. Solving for x, we get x = 1680 / 0.9 = 1866.67.
- However, the question asks for the MRP of item C, not D. Since no specific relationship or difference between the prices of items C and D is given in the question, we can't determine the MRP of item C based on the information provided.
So, based on the information given in the question, we can't choose any of the options provided as they don't match the calculated MRP of item D and we don't have enough information to determine the MRP of item C.
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