Multiple choice

A man got a discount of 40% on the marked price of an article and sold it for Rs. 7020 with 30% profit on the price he bought. What was the marked price?

  1. Rs. 9000

  2. Rs. 10000

  3. Rs. 12000

  4. Rs. 8000

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

Let the MP of the article = Rs. x 

So, CP of the article = x – (x*40)/100 = Rs. 60x/100 

Now, SP of the article = Rs. 7020

[(60x/100)*130]/100 = 7020 

x = (7020*100*100)/(60*130) 

x = 9000 

So, the MP of the article = Rs. 9000

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