Question

an article after allowing a discount of 20% on its marked price was sold at a gain of 20% had it been sold after allowing 25% discount would have been of gain of rupees 125 find the Marked price of the article​

Answer 1

Rs 120

Explanation:

Let MP = m

Discount = 25% of MP = m/4

SP = MP - Discount

= m - m/4 = 3m/4

If profit is 20%, CP = 3m/4 x 100/120 = 5m/8

=> Profit = 3m/4 - 5m/8 = m/8

Given Profit - Discount = Rs 15

=> |m/8 - m/4| = 15

m/8 = 15

m = Rs 120