A dealer marks an article 40% above its cost price and sells it by giving two successive discounts of 15% and 25% on the marked price. If he suffers a loss of ₹43, then the marked price (in ₹) of the article is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 560.
Let the CP = 100x
MP = 140x
Final SP = 140x × (85/100) × (75/100) = 89.25x
100x - 89.25x = 43
⇒ 10.75x = 43
⇒ x = 43/10.75 = 4
MP = 140x = 140 × 4 = 560