What price should a shopkeeper mark on an article costing him Rs 100 to gain 20% after allowing a discount of 30 %?

What price should a shopkeeper mark on an article, costing him Rs. 153, to gain 20

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

No worries! We‘ve got your back. Try BYJU‘S free classes today!

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Free

100 Questions 100 Marks 120 Mins

Short Trick:

Let the marked price of the article be x.

⇒ Since, Mark Price after discount = Cost Price after profit

⇒ x = (200 × 130)/65

⇒ x = Rs. 400

Detailed Solution:

We know that,

Cost price of article = Rs. 200

Profit on article = 30% of Rs. 200 = Rs. 60

Selling Price of Article after 30% profit = 200 + 60 = Rs. 260

Let the marked price of the article be x.

Since, Mark Price after discount = Selling Price

⇒ 65% of x = Rs. 260

⇒ 65/100 × x = 260

∴ x = Rs. 400

Let's discuss the concepts related to Profit and Loss and Discount and MP. Explore more from Quantitative Aptitude here. Learn now!

India’s #1 Learning Platform

Start Complete Exam Preparation

Daily Live MasterClasses

Practice Question Bank

Mock Tests & Quizzes

Get Started for Free Download App

Trusted by 3.3 Crore+ Students