A dealer allows his customers a discount of 18% and still gains 24%. If an article costs Rs 1560 to the dealer, what is its marked price to the nearest Rs)?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2359
The cost price of the item = Rs 1560
He gains 24% on this.
Gain = 1560 × (24/100) = Rs 374.4 ≈ Rs 375
Thus, the selling price = 1560 + 375 = Rs 1935
He gave an 18% discount on the Marked Price.
Let us suppose that the Marked Price was Rs m
So, m × [(100 - 18)/100] = 1935
⇒ m = (1935 × 100)/82 = Rs 2359.75 ≈ Rs 2359