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Question

A cycle shop allows a discount of 25% on the marked price and earns a profit of 20% on the cost price. Its marked price on which shop earns 40 is:


A

300

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B

320

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C

280

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D

340

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Solution

The correct option is B

320


Let marked price be ₹ x
selling price (S.P) = x25100x
SP = ₹ 34x
Let cost price (CP) = ₹ y
Profit =20%
20100y = 40
y = 200
selling price (SP)= 200+40 = ₹240
34x=240x=240×43= ₹320


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