A shopkeeper named Ramesh marks his articles at such a price that, even after allowing a discount of 20% on the marked price, he earns a profit of 15%. What is the marked price of one article, which costs ₹5,600?

Explanation

Given: Discount = 20% Gain = 15% The cost price of the article = Rs. 5600 Formula used: SP = (100 + gain%)/100 × CP Discount = MP – SP Marked price = [100/(100 – Discount%) × SP] Calculation: The cost price of the article = Rs. 5600 Selling price of the article = [(100 + gain%)/100 × CP] ⇒ [(100 + 15)/100 × 5600] ⇒ (115/100 × 5600) ⇒ 6440 Now, Marked price = [100/(100 – Discount%) × SP] ⇒ [100/(100 – 20) × 700] ⇒ (100/80 × 6440) = 8050 The answer is 8050.