A furniture shopkeeper allows a discount of 16% on the marked price on the goods to his customers and still gains 20%. What is the marked price of a dining table, which costs the shopkeeper ₹11,900?
Answer & explanation
Correct answer: option 3
Cost price of the dining table = Rs. 11900
SP of the dining table = 11900 × \(\frac{120}{100}\) = 14280
MP of the dining table = 14280 × \(\frac{100}{84}\) = 17000