What price should Neeraj mark on a shrit that costs Rs 840, so as to earn a profit of 18% after allowing a discount of 16% on the marked price?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs 1,180
CP = 840
SP of the shirt at the profit of 18% = 840 × 118% = 991.2
MP of the shirt at the discount of 16% = 991.2 × 100/84 = 1180.