The cost price of an article is ₹250. A shopkeeper gains 20% by selling it at a discount of 36% on its marked price. What is the marked price (in ₹) of the article?
Answer & explanation
Correct answer: option 4
CP and MP = (100 – D)% : (100 + Gain)%
(100 – 36) : (100 + 20)
64 : 120
Now, According to the question
64% = 250
Then, 120% = (\(\frac{250}{64}\) × 120)
= \(\frac{30000}{64}\)
= 468.75