Multiple choice

A shopkeeper buys an article for Rs 180. After allowing a discount of 10% on his marked price, he wants to earn a profit of 20%. His marked price must be

  1. Rs 210

  2. Rs 240

  3. Rs 270

  4. Rs 300
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost Price (CP) = 180. Desired Profit = 20%, so Selling Price (SP) = 180 * 1.2 = 216. Discount = 10% on Marked Price (MP), so SP = 0.9 * MP. 216 = 0.9 * MP => MP = 216 / 0.9 = 240.

AI explanation

The required profit gives a selling price of 180 * 1.20 = Rs 216. Applying the marked price formula, Selling Price = Marked Price * (1 - Discount / 100), we get 216 = Marked Price * 0.90. Solving this equation yields a marked price of Rs 240.

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