A shopkeeper marks an article at such a price that after giving a discount of 12% on the marked price, he still earns a profit of 15%. If the cost price of the article is Rs. 385, then the sum of the marked price and the selling price (in Rs.) of the article is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 948.75.
Discount = 12.5% = 1/8.
CP = 385.
SP = 385 × 115% = 442.75.
MP = 442.75 × 100/87.5 = 506.
Sum of MP and SP = 506 + 442.75 = Rs 948.75.