A shopkeeper sold an article for ₹180 by making a profit of 20%. The shopkeeper offered a discount of ₹30 on the marked price. How much percent above the cost price the article is marked?
Answer & explanation
Correct answer: option 3
Selling price of the article = 18=
Discount = 30
MP = 180 + 20 = 210
Now profit given = 20 % when it is being sold at 180
So the CP = \(\frac{180 × 100}{120}\) = 150
So it is marked at = 210 - 150 = 60 above the CP
Marked% = 60 × \(\frac{100}{150}\) = 40%