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A manufacturer sells goods to a wholesaler at a 20% discount on the marked price plus a 5% surcharge. The wholesaler then sells the goods at ₹3,150 more than his cost price, making a profit of 25%. What was the marked price?
- ₹ 15,000
- ₹ 17,500
- ₹ 19,200
- ₹ 20,480
Correct answer: ₹ 15,000
Solution
If the wholesaler makes a profit of ₹3,150 at 25%, then his cost price is ₹3,150 ÷ 25% = ₹12,600. So his selling price is ₹15,750. This equals the manufacturer’s price after 20% discount and 5% surcharge, which gives the marked price as ₹15,000.
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