A furniture shopkeeper allows a discount of 16% on the marked price on the goods to his customers and still gains 20%. What is the marked price of a dining table, which costs the shopkeeper Rs.11,900?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e Rs.17,000.
| Understanding/Application |
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C.P. of dining table = Rs. 11900 Profit = 20% S.P. = (11900 × 20)/100 = Rs. 14,280 Discount = 16% |
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Let M.P. be 100%. S.P. = 100 - 16 = 84% 84% = 14280 100% = (14280 × 100)/80 = Rs. 17,000 M.P. = Rs. 17,000 |