A shopkeeper allows 28% discount on the marked price of an article and still makes a profit 30%. If he gains ₹30.90 on the sale of one article, then what is the marked price ( to the nearest ₹) of the article ?
Answer & explanation
Correct answer: option 4
Let MP = 100
ATQ , CP = 100 × \(\frac{72}{100}\) × \(\frac{100}{130}\) = 55.4
SP = 100 × \(\frac{72}{100}\) = 72
Profit = 72 - 55.4 = 16.6
16.6 = 30.9 (Given)
100 = 186