Question

What is marked price of the product? Statement I – After giving the 10% discount on mark price the shopkeeper make a profit of Rs. 45 by selling the item. Ratio of cost price and mark price is 13:15. Statement II – Difference of mark price and cost price is 30. Difference of selling price and marked price is 16. Marked price is 30% of the cost price.

Q: Answer-What is marked price of the product? Statement I – After giving the 10% discount on mark price the s...

From Statement I Let the CP and MP of be Rs 13x and 15x respectively. SP 15x 90100 13.5x 13.5x 13x 45 0.5x 45 x 90 Therefore, MP Rs. 15x 15 90 Rs. 1350 From statement I alone we can find the mark price. Now, From Statement II MP CP 30------i SP MP 16-------ii MP 30 of CP MP 310 CP Putting the value of MP in equation i, we get 310CP CP 30 -7CP 30 CP -307, Value cannot be in -ve. So, we cannot find the MP from statement II.