Anadesman marks his goods at such a price that after allowing a discount of 31%, he makes a profit of 15%. What is the marked price of an article whose cost price is Rs 3,420?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs 5700.
SP = CP × (100 + P)/100
SP = MP × (100 - D)/100
According to the given question,
SP = 3420 × (100 + 15)/100
⇒ 3420 × 115/100 = 3933
Now, 3933 = MP × (100 - 31)/100
⇒ MP = 3933 × 100/69
⇒ MP = 5700