A shopkeeper allows a 28% discount on the marked price of an artical and still makes a profit of 30%. If he gains Rs 39.90 on the sale of an artical, then what is the marked price (to the nearest Rs) of the artical?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 240
Calculations:
According to the question,
30% of the CP of the article = 39.90
CP of the article = 39.9/30 × 100 = 133
Selling price = 133 + 39.9 = 172.9
Now, we know
Selling price = Marked price - Marked price × Discount%
⇒ 172.9 = Marked price - Marked price × 28%
⇒ Marked price = 172.9/0.72 = 240.13
⇒ Marked price = 240 (Approx.)