The marked price of a table fan is ₹3,750 and is available to the retailer at a discount of 20%. At what price should the retailer sell it to earn a profit of 15%?
Answer & explanation
Correct answer: option 4
Marked price of the article = 3750
Discount = 20%
Profit he wants to earn = 15%
Then selling price = 3750 × \(\frac{4}{5}\) × \(\frac{23}{20}\) = ₹3,450