An article costs ₹400. At what price must it be marked so that after a discount of 20% the shopkeeper still gains 20%?
A. ₹576
B. ₹560
C. ₹640
D. ₹600
A. ₹576
B. ₹560
C. ₹640
D. ₹600
Best answer
Answer: D. ₹600
Answer: (D) ₹600
Required SP = 1.2 × 400 = ₹480. SP is 80% of MP, so MP = 480 ÷ 0.8 = ₹600.
Shortcut: MP = CP × (100 + gain)/(100 − discount) = 400 × 120/80 = 600.
Log in or create a free account to answer this question.