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Question : After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the article is INR 300?

Option 1: INR 400

Option 2: INR 320

Option 3: INR 375

Option 4: INR 350


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: INR 350


Solution : The cost price of the article = INR 300
Selling price of the article = $300 × \frac{105}{100} = 315$
Marked price of the article = $315 × \frac{100}{90} = 350$
Hence, the correct answer is INR 350.

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