A shopkeeper wishes to give 5% commission on the marked price of an article but also wants to earn a profit of 10%. If his cost price is Rs. 95, then marked price is:
A. Rs. 100
B. Rs.110
C. Rs. 120
D. Rs. 130
Answer: Option B
Solution(By Examveda Team)
CP = Rs. 95. Then SP = 95 + 10% of 95 = Rs. 104.5 Let MP = X. He gives 5% commission on MP. So, SP = X - 5% of X SP = 0.95X 104.5 = 0.95X X = $$\frac{{104.5}}{{0.95}} = 100$$ Thus, MP = Rs. 110 Short-cut 95 == 10%(gain) ⇒ 104.5 == 5%(Commission) ⇒ 109.72 (= 110)Join The Discussion
Comments ( 1 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
95% of MP = 110% of 95
⇒MP = 110 (Ans.)
Solved by : MD.Helal Uddin