Multiple choice

A shopkeeper allows a 28% discount on the marked price of an article and still makes a profit of 20%. If he gains ₹ 3,080 on the sale of one article, then what is the selling price (in ₹) of the article?

  1. 18,840

  2. 10,884

  3. 18,480

  4. 14,880
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

If profit of 20% equals 3,080, then selling price = 3,080/0.2 × 1.2 = 18,480. Alternatively, if 20% is 3,080, then 100% (cost price) is 15,400, and selling price (120%) is 18,480. The discount of 28% is extra information not needed for finding the selling price from the given profit.

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