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Select the correct answerAt what price should the Karan mark a sewing machine that costs him Rs. 1200. So that even after offering a 20% discount, he makes 25% profit?Options1300None of these18751200

Question

Select the correct answerAt what price should the Karan mark a sewing machine that costs him Rs. 1200. So that even after offering a 20% discount, he makes 25% profit?Options1300None of these18751200

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Solution

To solve this problem, we first need to calculate the price after a 25% profit on the cost price.

Step 1: Calculate the profit Profit = 25% of cost price Profit = 25/100 * 1200 Profit = Rs. 300

Step 2: Calculate the selling price after profit Selling price = Cost price + Profit Selling price = 1200 + 300 Selling price = Rs. 1500

This is the price after a 25% profit. But Karan wants to offer a 20% discount on the marked price and still make this selling price.

Step 3: Calculate the marked price Let's assume the marked price is x. After a 20% discount, the price should be Rs. 1500. So, 80/100 * x = 1500 x = 1500 / (80/100) x = Rs. 1875

So, Karan should mark the sewing machine at Rs. 1875.

Therefore, the correct answer is "1875".

This problem has been solved

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