A trader marks his article in such a way that even after allowing 15% discount on marked price he still gains 27.5%. If the cost price of the article is Rs. 200, then find the marked price of the article.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs.300.
| Understanding/Application |
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C.P. of the article = Rs. 200 Gain = 27.5% S.P. of the article = 127.5(200)/100 = Rs. 255 Let the M.P. of article be x. Discount = 15% |
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S.P. of the article = 85x/100 85x/100 = 255 x = 300 M.P. of the article = Rs. 300 |