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M.F. Hussain, a world famous painter, while selling one of his famous painting he gives a discount of 8%. If he gives a discount of 9% he earns Rs. 73,000 less as profit. What is the marked price of the painting ?

M.F. Hussain, a world famous painter, while selling one of his famous painting he gives a discount of 8%. If he gives a discount of 9% he earns Rs. 73,000 less as profit. What is the marked price of the painting ? Correct Answer Rs. 73,00,000

Given∶

Discount of 8% is given when he sells one of his painting.

And when he gives a discount of 9%, he earns a profit of Rs. 73000 less as profit.

Formula Used∶

Discount difference = Profit difference

Basics of Profit & Loss.

Calculation∶

Let the M.P. = 100a

He gives a discount of 8%

Then, Price becomes = 92a

Again, if he 9% discount then,

Price becomes = 91a

A.T.Q., if he gives 9% discount his profit will be Rs. 73,000 less.

Discount difference = Profit difference

⇒ 92a - 91a = 73,000

⇒ a = Rs. 73,000

So, M.P. = 100a = 100 × 73000 = Rs. 73,00,000

∴ The marked price of the painting is of Rs.73,00,000.

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