Question
A shopkeeper marks an article 50% above its cost price
and allows a discount of 20% on the marked price. If the profit earned is Rs. 240, then what is the marked price of the article?Solution
ATQ, Let the cost price be x. Marked Price = 150% of x = 1.5x Selling Price after 20% discount = 80% of 1.5x = 1.2x Profit = 1.2x - x = 0.2x Given profit = 240 So, 0.2x = 240 x = 1200 Marked Price = 1.5 x 1200 = 1800 Hence, the correct answer is Rs. 1800.
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