A shopkeeper marks articles at a price such that after giving a discount of x%, he gains 20%. If the cost price and the marked price of the articles are Rs920 and Rs 1472 respectively, then what is the value of x?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 25
The cost price of the article = Rs. 920
The marked price of the article = Rs. 1472
Discount = x%
Gain = 20%
The selling price of the article = 920 × 1.2 = Rs. 1104
Selling price = Marked price(1 - discount percentage/100)
1472(1 - x%) = 1104
(1 - x%) = 0.75
x = 25