Question

A shopkeeper allows his customers a discount of 20% and still gains 20%. If an article costs ₹ 1400 to the dealer, Find it's marked price.

• A. ₹ 2000
• B. ₹ 2100
• C. ₹ 1680
• D. ₹ 1800

Answer 1

The correct option is B

₹ 2100

CP of the article = ₹ 1400

Profit % = 20%

$\therefore$ SP = ₹ 1400 + $\frac{20}{100}\times$ 1400 = ₹ 1680

Let the MP be ₹ $x$

$x$ - $\frac{20}{100}\times x$ = ₹ 1680

$\Rightarrow$ $\frac{80x}{100}$ = ₹ 1680

$\Rightarrow x$ = $\frac{1680\times 100}{80}$

$\Rightarrow x$ = ₹ 2100