A person bought an article at 30% discount on its marked price. The person then sold it at 30% profit for ₹427.70. What was the marked price of the article?
Answer & explanation
Correct answer: option 1
Let MP = m
CP = m × \(\frac{70}{100}\)
According to the question
m × \(\frac{70}{100}\) × \(\frac{130}{100}\) = 427.70
m = 427.70 × \(\frac{100}{130}\) × \(\frac{100}{70}\)
m = 470