A trader offers a 30% discount on the marked price and still makes a 5% profit. If the item costs him Rs. 2100, what is the marked price?
Show answer & explanation
Correct answer: A
Explanation
Cost Price (CP) = ₹2100
Profit = 5%
Discount = 30%
SP = 2100 × 1.05 = 2205
2205 = MP × 0.70
MP = 2205 ÷ 0.70 = ₹3150