The cost price of a shirt is Rs.450. A shopkeeper marks its price in such a way that he earns a profit of 24% after giving 25% discount on its marked price. The marked price (in Rs.) of the shirt is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 744.
SP = 1.24 × 450 = ₹558
0.75 × MP = SP
0.75 × MP = ₹558
MP = 558/0.75 = 744