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Jyoti and Meena run a ready-made garment shop. They mark the garments at such a price that even after allowing a discount of $12.5 %,$ they make a profit of $10 % .$ Find the marked price of a suit which costs them Rs. 1470.

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Rs.1867

Rs.1891

Rs.1836

Rs.1848

answer is D.

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Detailed Solution

Given,
Cost price (CP) of the suit =Rs.1470
Gain% = 10%
Selling price (SP) is given by the formula,

SP = 100 + gain % 100 (CP) ⇒ 100 + 10 100 (1470) ⇒ 110100 (1470) ⇒ 1617

Marked price (MP) is given by,

MP = 100 × SP 100 − Discount % ⇒ 100 (1617) 100 − 12.5 ⇒ 1848

Thus, the marked price of one suit is Rs.1848.
Therefore, option (4) is correct.

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