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A shopkeeper allows 4% discount on his marked price. If the cost price of an article is ₹ 100 and he has to make a profit of 20%, then his marked price must be
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- ₹ 96
- ₹ 120
- ₹ 125
- ₹ 130
Correct Option: C
Here , discount = 4% , profit = 20%
cost price of an article = ₹ 100
Let the marked price of the article be y
According to the question,
96% of y = 120% of 100
| ⇒ y × | = | ||
| 100 | 100 |
| ⇒ y = | = ₹ 125 | |
| 100 |
We can find the required answer with the help of given formula :
Here, r = 20%, D = 4%, C.P. = ₹ 100, M.P. = ?
| = | ||
| C.P. | 100 − D |
| = | ||
| 100 | 100 − 4 |
| M.P. = | |
| 96 |
| M.P. = | = ₹ 125 | |
| 8 |
