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A shopkeeper marked an article 48% above the cost price and sold it after giving a discount of 25%. Had he sold the article without giving any discount then he would have earned a profit of 168. Find the original selling price of the article.OPTIONS Rs. 388.50 Rs. 392.50 Rs. 350 Rs. 518

Question

A shopkeeper marked an article 48% above the cost price and sold it after giving a discount of 25%. Had he sold the article without giving any discount then he would have earned a profit of 168. Find the original selling price of the article.OPTIONS Rs. 388.50 Rs. 392.50 Rs. 350 Rs. 518

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Solution

Let's solve this step by step:

Step 1: Let's assume the cost price of the article is Rs. 100.

Step 2: The shopkeeper marked the article 48% above the cost price. So, the marked price becomes Rs. 148 (100 + 48% of 100).

Step 3: He sold it after giving a discount of 25%. So, the selling price becomes Rs. 111 (75% of 148).

Step 4: If he sold the article without giving any discount, he would have earned a profit of Rs. 168. This means the selling price would have been Rs. 268 (100 + 168).

Step 5: Now, we know that Rs. 148 is equivalent to Rs. 268 in the problem. We need to find out the value equivalent to Rs. 111.

Step 6: So, the original selling price of the article is (111/148)*268 = Rs. 202.50

But none of the options match this answer. There might be a mistake in the problem or the options provided.

This problem has been solved

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