Difficulty: Medium
Correct Answer: ₹ 750
Explanation:
Introduction / Context:
The change in profit from changing the discount rate by 2 percentage points equals 2% of the marked price, because cost stays fixed and selling price changes by 2% of MRP. Using the given rupee change in profit, you can solve for the marked price directly without needing cost or initial profit explicitly.
Given Data / Assumptions:
Concept / Approach:
Since cost is unchanged, the change in profit equals the change in selling price. Therefore, (0.93M − 0.91M) = 0.02M = ₹15. Solve for M directly.
Step-by-Step Solution:
Verification / Alternative check:
At M = 750, SP1 = 697.50, SP2 = 682.50; difference = ₹15, matching. The cost cancels in the difference, hence not required.
Why Other Options Are Wrong:
₹720, ₹712.50, ₹600, ₹840 do not satisfy a ₹15 change when discount shifts by 2 percentage points.
Common Pitfalls:
Trying to compute cost or initial profit unnecessarily; focusing on the selling price change is faster and cleaner.
Final Answer:
₹ 750
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