A shopkeeper named Ramesh marks his articles at such a price that, even after allowing a discount of 20% on the marked price, he earns a profit of 15%. What is the marked price of one article, which costs ₹5,600?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹8,050.
Cost price (CP) = 5600
Selling price (SP) = (115/100) × 5600 = 6440
Marked price (MP) = (100/80) × 6440 = 8050
Therefore, the marked price of the article is ₹8,050.