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    Question

    Raghu purchases a wallet for ₹1,136 and fixes its

    marked price in such a way that after allowing a discount of 20%, he earns a profit of 40%. Find the marked price of the wallet (in ₹).
    A 1,987 Correct Answer Incorrect Answer
    B 1,989 Correct Answer Incorrect Answer
    C 1,988 Correct Answer Incorrect Answer
    D 1,985 Correct Answer Incorrect Answer

    Solution

    Let the marked price be ₹x. Selling price after 20% discount = 0.8x Profit is 40%, so selling price = 1136 × 1.4 = ₹1590.40 So, 0.8x = 1590.40 → x = 1590.40 ÷ 0.8 = ₹1988 Marked price = ₹1988

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