A shopkeeper declares a sale on ready made garments, giving 25% discount.If the net sale price of a coat is Rs 714 , what is its marked price ?
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Answer:
Correct option is D,60%
Let the Market Price = Rs. 100, Discount = 25%
Discounted Price=Rs.100×
100
100−25
Rs.100×
100
75
=Rs.75
Profit=20%
∴ Cost Price =Rs.75×
100+20
100
=Rs.75×
120
100
=Rs.
2
125
Had he not given discount, his profit would have been
=Rs.100−Rs.
2
125
=Rs.
2
75
Profit on Rs.
2
125
=Rs.
2
75
∴ Profit on Rs. 100 =
2
75
×
125
2
×100=60%
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