Profit and Loss Q.12

12Arvind deals in carpets. He allows 4% discount on the marked price. What price must be marked on a carpet that cost Rs 480 so as to make a profit of 10%?

Option : B
Explanation : SP = 480 + 10% of 480 = Rs 528
Let Marked price = M
Now 96% of M = 528, So M = Rs 550

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