Question : The cost price of an article is Rs. 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in Rs.) of the article?

Option 1: Rs. 6000

Option 2: Rs. 7500

Option 3: Rs. 6600

Option 4: Rs. 6800


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Rs. 7500


Solution : The cost price of an article is Rs. 5500.
It was sold at a profit of 9.09%.
$\therefore$ Selling price $=\frac{100+9.09}{100}×5500 = 6000$
It was sold at a discount of 20%.
$\therefore$ Marked price $=\frac{100}{100-20}×6000=7500$
Hence, the correct answer is Rs. 7500.

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