Question

After selling a designer jacket for Rs. 1680 a shopkeeper suffers a loss of 16%. If he wants to earn a 15% profit after giving the discount of 8%, what will be the marked price?
1. Rs. 2000
2. Rs. 2500
3. Rs. 2400
4. Rs. 2600
5. None of the above

Answer 1

Correct Answer - Option 2 : Rs. 2500

Given:

S.P = Rs. 1680

Loss = 16%

Profit = 15%

Discount = 8%

Calculations:

Loss % = 16%

∴ C.P = 1680 / 84 × 100 = Rs. 2000

Profit = 15%

Discount = 8%

∴ M.P = 2000 × 115 / 92

⇒ 2500

The Marked Price will be Rs. 2500.