Question

A shopkeeper allows 28% discount on the marked price of an article and still makes a profit of 20%. If he gains ₹3,080 on the sale of one article, then what is the selling price (in ₹) of the article?

• A. 18,840
• B. 10,884
• C. 18,480
• D. 14,880

Answer 1

Answer:

C. 18,480

cost price of the article = P The selling price = (120/100) × P = 6P/5 Then, the profit = 6P/5 - P = P/5 P/5 = 3080 6P/5 = 3080 × 6 = 18480