A shopkeeper earns 17% profit by selling an article at 10% discount on its marked price. If its cost price is Rs.480, then the marked price (in Rs.) of the article is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 624.
Cost price of the article = 480
After 17% profit, the selling price of the article = 480 × 117/100 = 561.6
He gave 10% discount of Marked price,
So, Marked price of the article = 561.6 × 100/(100 - 10) = 624