A dealer buys a product for Rs. 7680 and sells it at a gain of 40% after giving 20% discount. What is the marked price?
Show answer & explanation
Correct answer: D
Explanation
Cost Price = ₹7,680
Selling Price at 40% profit = 7,680 × 140/100= ₹10,752
Selling Price after a 20% discount = 80% of Marked Price
Let the Marked Price = ₹x
80% of x = 10,752
x = 10,752 × 100 / 80 = ₹13,440