A shopkeeper allows a 28% discount on the marked price of an article and still makes a profit of 30%. If he gains ₹39.90 on the sale of one article, then what is the marked price (to the nearest ₹) of the article ?
Answer & explanation
Correct answer: option 2
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 = 39.9 (Given)
100 = 240