Question

At what price should a shirt, costing Rs. 602, be marked so that there is a profit of 10% when it is sold by giving 14% discount on its marked price?
1. Rs. 700
2. Rs. 770
3. Rs. 660
4. Rs. 750

Answer 1

Correct Answer - Option 2 : Rs. 770

Given:

The cost price of the shirt Rs. 602

Calculation:

Let be assume the marked price of the shirt is x

⇒ x × (86/100) = 602 × (110/100)

⇒ x = 770

∴ The marked price of a shirt 770.