After giving 20% discount on an article a shopkeeper earns 30% profit. Marked price is what percent of cost price?
Answer & explanation
Correct answer: option 4
CP MP
100 - D% 100 + P%
100 - 20% 100 + 30%
80 130
Mark price % = 130 × \(\frac{100}{80}\) = 162.5%