Multiple choice

A dealer allows his customers a discount of 25% and still gains 25% if the cost price of the article is Rs. 937.50 then the marked price is-

  1. Rs. 1562.50

  2. Rs. 1300

  3. Rs. 1200.60

  4. Rs. 1350
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost Price = Rs. 937.50. Selling Price at 25% gain = 937.50 × 1.25 = Rs. 1171.875. This SP is after 25% discount on Marked Price, so MP × 0.75 = 1171.875. Therefore MP = 1171.875 / 0.75 = Rs. 1562.50.

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