Multiple choice

A shopkeeper allows a discount of 20% on an article to his customers and still gains 20%. Find the marked price of that article which costs Rs. 1200.

  1. Rs. 2500

  2. Rs. 1500

  3. Rs. 2400

  4. Rs. 1800
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

CP = 1200. Gain = 20%, so SP = 1200 * 1.2 = 1440. Discount = 20% on MP, so SP = 0.8 * MP. 0.8 * MP = 1440. MP = 1440 / 0.8 = 1800.

AI explanation

To gain 20% on the cost price of 1200 rupees, the selling price must be 120% of 1200, which equals 1440 rupees. Since a 20% discount is given on the marked price, the selling price is 80% of the marked price. Therefore, 0.80 * Marked Price = 1440, which makes the marked price 1440 / 0.80 = 1800 rupees.

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