Nikhil suffers a loss of ₹140 when he sells a perfume at 20% discount. Find the marked price of the perfume if the cost price is ₹380
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs 300
Let the marked price be 100x
When Nikhil sells the perfume for 80x, he has a loss of Rs 140
Thus, 380 - 140 = 80x
⇒ 80x = 240 ⇒ x = 3
⇒ Thus, the marked price = Rs 300