The cost price of an article is ₹280. A shopkeeper sells it by allowing 16% discount on its marked price and still gains 20%. What is the marked price(in ₹) of the article?
The cost price of article = ₹280
Gain = 20%
Selling price of the article = $$\frac{120}{100}\times$$280
= ₹336
Let the marked price of the article = M
Discount = 16%
Selling price of the article = $$\frac{84}{100}$$M
$$\Rightarrow$$ 336 = $$\frac{84}{100}$$M
$$\Rightarrow$$ M = 400
Marked price of the article = ₹400
Hence, the correct answer is Option A
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