The cost price of a fan is ₹4,400. A merchant wants to make a 24% profit by selling it. At the time of sale, merchant declares a discount of 12% on the marked price. Find the marked price.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹6,200.
M.P./C.P. = (100 +P%)/(100 -D%)
M.P./C.P. = (100 +24)/ (100 -12)
M.P. = C.P. ×124/88
M.P. = 4400 ×124/88 = 6200
Hence, the Marked Price is ₹6,200.