A shopkeeper allows 18% discount on the marked price of an article and still makes a profit of 23%. If he gains ₹18.40 on the sale of the article, then what is the marked price of the article?
Answer & explanation
Correct answer: option 1
CP × 23% = 18.40
CP = 80
SP = 80 + 18.40 = 98.40
MRP × 82% = 98.40
MRP = 120