Question

The marked price of an article is 20% more than its cost price. If a shopkeeper make a 40% discount on that item and sold it at Rs. 2592. What is the marked price of the item? 

1. Rs. 4020
2. Rs. 4000
3. Rs. 4320
4. Rs. 3600

Answer 1

Correct Answer - Option 3 : Rs. 4320

Given:

Differrence b/w marked price and cost price in percentage = 20%

Selling price = Rs. 2592

Discount = 40%

Concept:

Selling Price = Marked Price ─ discount

Calculation:

Let, CP of the item = 100x

Marked Price of the item = 100x + (100x × 20%) = 120x

After discount of 40% on the Marked Price of the item, selling Price = 120x ─ (120x × 40%) = 72x

According to the question,

⇒ 72x = 2592

⇒ x = 36

MRP = 120x

⇒ 36 × 120

⇒ 4320

∴ Marked Price of the item is 4320 .