Multiple choice

The marked price of an article is Rs.2400 more than the cost price. When the discount of Rs.500 is allowed, then the profit of 20% is earned. At what price should an article be sold to earn the profit of 30%.

  1. Rs.16755

  2. Rs.12350

  3. Rs.11960

  4. Rs.13845

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = x. Then MP = x + 2400. After Rs.500 discount, SP = (x + 2400) - 500 = x + 1900. At 20% profit: x + 1900 = 1.2x, so 0.2x = 1900, x = 9500. For 30% profit, SP = 1.3 × 9500 = Rs.12350. Option B matches this calculation.

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