Multiple choice

After allowing 10% discount on the marked price of an article, a person makes a profit of 16%. If the cost price of the article is Rs. 648, then its marked price is:

  1. Rs. 826.80

  2. Rs. 835.20

  3. Rs. 751.68

  4. Rs. 910.40
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SP = CP * 1.16 = 648 * 1.16 = 751.68. SP is also 90% of MP (10% discount). MP = 751.68 / 0.9 = 835.20.

AI explanation

First, calculate the selling price by adding a 16% profit to the cost price: 648 times 1.16 equals 751.68. Then use the formula Marked Price equals Selling Price divided by (1 minus Discount Percentage divided by 100). This gives 751.68 divided by 0.90, which equals 835.20. The marked price is Rs. 835.20.

Keep practicing — related questions