What price should a trandeskman mark on an article which costs him Rs. 153 to gain 20% after allowing a discount of 15%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 216
Given that
The cost of an article (C.P.) = Rs. 153
Gain % = 20%
Discount %(D) = 15%
M.P./C.P. = (100 + P)/(100 - D)
M.P/153 = (100 + 20)/(100 - 15)
M.P. = 153 × 120/85 = Rs. 216