A shopkeeper provides a 20% discount on the marked price and still achieves a 25% profit. If the selling price of the article is ₹1500, what is the marked price of the article?
Show answer & explanation
Correct answer: B
Explanation
Given:
Discount = 20%
Selling Price = ₹1500
According to the formula:
Selling Price = Marked Price × (100 − Discount %) / 100
1500 = Marked Price × 80 / 100
Marked Price = 1500 × 100 / 80 = ₹1875