Multiple choice

A shopkeeper allows a discount of 12.5% on the marked price of a certain article and makes a profit of 20%. If the article costs the shopkeeper Rs. 210, then the marked price of the article will be

  1. Rs. 387

  2. Rs. 350

  3. Rs. 386

  4. Rs. 288
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost Price = 210. Profit = 20%, so Selling Price = 210 * 1.2 = 252. Discount = 12.5% (1/8), so SP = MP * (7/8). 252 = MP * (7/8) => MP = 252 * 8 / 7 = 36 * 8 = 288.

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