Multiple choice

A shopkeeper marks his article in such a way that even after allowing 18% discount on marked price, he gains 28%. If the cost price of the article is Rs.246, find the marked price of the article.

  1. 342

  2. 384

  3. 348

  4. 324

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

Cost Price (CP) = Rs.246. Gain = 28%, so Selling Price (SP) = 128% of CP = 1.28 * 246 = Rs.314.88. Discount = 18%, so SP = 82% of Marked Price (MP). Therefore, 0.82 * MP = 314.88, so MP = 314.88 / 0.82 = Rs.384. The marked price is Rs.384, which matches option B.

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