Question

A trader marks his goods in such a way that after allowing 16% discount on the marked price, he still gains 26%. If the cost price of the goods is Rs. 318, then what is the marked price of the goods?

• A. Rs. 477
• B. Rs. 456
• C. Rs. 450
• D. Rs. 427

Answer 1

Answer:

A. Rs. 477

Relation Between CP and MP CP : MP (100 - D%) : (100 + P%) (100 - 16) : (100 + 26) 84 : 126 2 : 3 CP = 2 units MP = 3 units 2 units = Rs. 318 1 unit = Rs. 159 3 units = 159 × 3 = Rs. 477