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
Answer (1)
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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