A shopkeeper buys an article at 30% discount on its marked price and sells it at 5% discount on its marked price. If he earns a profit of Rs. 65, then what is the marked price (in Rs.) of the article?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 260.
Let the marked price be 100x.
CP = 70% of MP = 70x
SP of an article at 5% discount = 100x × 95% = 95x
95x - 75x = 65
25x = 65
x = 65/25
100x = 100 × 65/25 = 260.