📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A merchant offers a 20% discount to his customers on the

    marked price of a product. He still manages to make a profit of 60%. If the profit earned is Rs. 1,800, what is the marked price (in Rs.) of the product?
    A Rs.6485 Correct Answer Incorrect Answer
    B Rs.6000 Correct Answer Incorrect Answer
    C Rs.6375 Correct Answer Incorrect Answer
    D Rs.6515 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the product be Rs. '100x'

    ATQ:

    '100x' × 0.6 = 1,800

    Or, 60x = 1,800

    Or, x = (1800/60) = 30

    So, the cost price of the product = 100x = 100 × 30 = Rs. 3,000

    So, the selling price of the product = 3,000 + 1,800 = Rs. 4,800

    Required marked price of the product = 4800 ÷ 0.8 = Rs. 6,000

    Practice Next
    More Profit and loss Questions
    ask-question