Question

when a pen is sold at a discount of 15%, there is a gain of Rs 10. but if it is sold at 25% discount, there is a loss of Rs 2. find the marked price of the pen​

Answer 1

Answer:

Rs 120.  

Step-by-step explanation:

10=0.85SP-CP; CP+10=0.85SP; SP=[CP+10]/0.85 Eq 1. Let SP= Selling Price and CP= Cost Price

-2 =0.75SP-CP; 0.75SP=C-2; SP=[CP-2]/0.75 Eq 2

[CP+10]/0.85=[CP-2]/0.75 : SP of Eq 1=SP of Eq 2

0.75[CP+10]=0.85[CP-2]

0.75CP+7.5=0.85CP-1.7

0.85CP-0.75CP=-1.7–7.5=9.2

0.10CP=9.2; CP=9.2/0.10

CP=Rs 92 Cost Price of pen

10=0.85SP-92; 0.85SP=92+10=102; SP=102/0.85=Rs 120 Marked Price of pen (answer)

From Eq2: -2=0.75SP-CP; 0.75SP=CP-2=92–2=90; SP=90/0.75=Rs120; -2=0.75(120)-CP; CP-2=0.75(120); CP-2=90; CP=90+2=Rs 92

Set CP of Eq 1=CP of Eq 2:

CP=0.85SP-10 from Eq 1; CP=0.75SP+2 from Eq 2;

0.85SP-10=0.75SP+2; 0.85SP-0.75SP=10+2=12

0.10SP=12; SP=12/0.10=Rs120 is the Marked Price(answer)

Normally, the Selling Price is the marked price. The seller will not disclose the Cost Price because it is the price when the item was acquired or procured, otherwise the buyer will ask for more discounts and based his buying price from the Cost Price if it is known. The calculated SP and CP satisfy both Eq 1 and Eq 2. Both Eq 1 and Eq 2 satisfy the given conditions of the problem above.