Question : A shopkeeper is allowed a 20% discount on the marked price of his articles. Find the marked price of an article, for which he charges Rs. 740.
Option 1: Rs. 725
Option 2: Rs. 875
Option 3: Rs. 925
Option 4: Rs. 1040
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Correct Answer: Rs. 925
Solution :
Let the marked price of the articles = 100
Discount on the marked price = 20%
Selling price of the articles = 100 – 20 = 80
If the selling price of articles is 80, then the marked price = 100
If the selling price of the articles is Rs.740, then marked price = $\frac{(100×740)}{80}= 925$
Hence, the correct answer is Rs. 925.
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