Question 71

The cost price of an article is ₹250. A shopkeeper gains 20% by selling it at a discount of 36% on its marked price. What is the marked price (in ₹) of the article?

Solution

Cost price of the article is ₹250.

Profit = 20%

Selling price of the article = $$\frac{120}{100}\times$$250 = ₹300

Let the marked price of the article = M

Discount = 36%

$$\frac{64}{100}\times$$M = 300

M = 468.75

Marked price of the article = ₹468.75

Hence, the correct answer is Option D

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