an article after allowing a discount of 20% on its marked price was sold at a gain of 20% had it been sold after allowing 25% di
scount would have been of gain of rupees 125 find the Marked price of the article
1 answer:
Answer:
Rs 120
Step-by-step explanation:
Let MP = m
Discount = 25% of MP = m/4
SP = MP - Discount
= m - m/4 = 3m/4
If profit is 20%, CP = 3m/4 x 100/120 = 5m/8
=> Profit = 3m/4 - 5m/8 = m/8
Given Profit - Discount = Rs 15
=> |m/8 - m/4| = 15
m/8 = 15
m = Rs 120
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Answer: Approximately 79 Percent
Step-by-step explanation:
The confidence level used in this estimation is approximately 79 percent.
2.96 or 18.75 is the answer im leaning towards 2.96 though
