A dealer allows his customers a discount of 15% and still gains 15%. If an article cost Rs.2,500 to the dealer, then its marked price is (correct to nearest integer):
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs.3,382.
Given:
C.P. = Rs.2,500
Gain = 15%
Discount = 15%
Formula Used:
Explanation:
Let the marked price be Rs. x
Now,
⇒ S.P. = 25 × 115
⇒ S.P. = 2,875
So, Using the formula for M.P., , we get
⇒
⇒
⇒ x = 3382.35
Hence the required value of marked price is Rs. 3382.