The cost price of a shirt is ₹1,008. At what price should it be marked so that after allowing 16% discount on the marked price, there is a profit of 18%?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹1,416.
SP = 1008 × (118/100) = 1189.44
MP = 1189.44 × (100/84) = 1416