Question : What price should a tradesman mark on an article that costs him INR 153 to gain 20% after allowing a discount of 15%?
Option 1: INR 416
Option 2: INR 116
Option 3: INR 216
Option 4: INR 316
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Correct Answer: INR 216
Solution :
Here the cost price is denoted by CP, the selling price is denoted by SP, and the marked price is denoted by MP.
Given: CP = INR 153
To gain 20% profit, SP = 153 × $\frac{120}{100}$ = 183.6
Since the discount is 15%,
MP = $\frac{183.6}{85}$ × 100
⇒ MP = 216
Hence, the correct answer is INR 216.
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