A shopkeeper buys an article at 30% discount on its marked price and sells it at 5% discount on its marked price. If he earns a profit of ₹65, then what is the marked price (in ₹) of the article?
Answer & explanation
Correct answer: option 3
Let the marked price = 100
CP of the article for the shopkeeper at a discount of 30% = 70% of 100 = 70
Selling price of the article for the shopkeeper at a discount of 5% on MRP = 95% of 100 = 95
Profit for the Shopkeeper = 95 - 70 = 25
25x = 65(Given)
100x = 260