Mr A allows a discount of 40% to the buyers. He sells only duplicated
| Mr A allows a discount of 40% to the buyers. He sells only duplicated goods and as a bribe, he pays 10% of the cost of the article. If the cost price is Rs. 3750, then what should be the marked price if he desires to make a profit of 9.09%.
A. 8000
B. 7500
C. 7250
D. 7000
Right Answer is: B
SOLUTION
Cost price (3750) + Bribe (10% of cost of article = 375) = Total cost to the shopkeeper (3750 + 375 = 4125)
Desired profit = 4125 
9.09% = 375
Selling price for Mr A = Total Cost + Desired Profit = 4125 + 375 = 4500
The selling price is 60% (100-40) of the marked price.
Hence marked price = 
= Rs. 7500
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Mr A allows a discount of 40% to the buyers. He sells only duplicated