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A merchant allows 5% discount on the mar...

A merchant allows 5% discount on the marked price of an article to his customers. What price should he mark on an article the cost price of which is 712.50, so as to make a clear profit of `33(1)/(3)%` on his outlay ?

A

Rs. 1000

B

Rs. 1200

C

Rs. 980

D

Rs. 960

Text Solution

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The correct Answer is:
A
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Knowledge Check

  • 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 ₹300?

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    ₹350

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    D
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    A
    ₹826.80
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