Question

A shopkeeper buys an article for Rs 360. He wants to make a profit of 25% on it after a discount of 10%. The Marked Price is:‐
1. Rs. 486
2. Rs. 450
3. Rs. 500
4. Rs. 460

Answer 1

Correct Answer - Option 3 : Rs. 500

Given:

Cost price of the article = Rs. 360

Profit = 25%

Discount = 10%

Formula used:

M.P/C.P = (100 + Profit%)/(100 – Discount%)

Calculation:

M.P/C.P = (100 + Profit%)/(100 – Discount%)

M.P/360 = (100 + 25)/(100 - 10)

⇒ M.P = (125 × 360)/90

⇒ M.P = Rs. 500