The cost price of an article is Rs280 A shopkeeper sells it by allowing 16 discount on its marked pr...........

Quantitative Aptitude (CGL) Profit and loss

The cost price of an article is Rs280. A shopkeeper sells it by allowing 16% discount on its marked price and still gains 20%.

What is the marked price(in Rs) of the article?

This questions was previously asked in

SSC CGL 13th August 2021 Shift-3

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400

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Explanation:

The cost price of article = Rs280
Gain = 20%
Selling price of the article = $_{100}^{120}$ x280
= Rs336
Let the marked price of the article = $_{100}^{84}$ M
Discount = 16%
Selling price of the article = $_{100}^{84}$ M
336 = M
M = 400
Marked price of the article = Rs 400
Hence, the correct answer is Option A