Question

A shopkeeper makes his goods at such price that after allowing a discount of 12.5% on the marked price, he earns a profit of 20%. Find the marked price article which cost him Rs. 1400.

• A. Rs. 1920
• B. Rs. 1921
• C. Rs. 1820
• D. Rs. 1720

Answer 1

Answer:

A. Rs. 1920

Cost price= 1400 Profit= 20% = 120% Discount= 12.5% = 87.5% We have to find the marked price Cost price × profit= marked price × discount 1400 × 120 = marked price × 87.5 Marked price= (1400 × 120)/87.5 = 1920