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    Question

    A retailer bought a luxury pen after getting a discount of 30% on the marked price. He sold the luxury pen to a customer for Rs 4536 and earned a profit of 20% on his cost price. What was the initial marked price of the luxury pen?

    A Rs 4800 Correct Answer Incorrect Answer
    B Rs 5400 Correct Answer Incorrect Answer
    C Rs 6000 Correct Answer Incorrect Answer
    D Rs 7200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Selling price of luxury pen = Rs 4536 CP of luxury pen= 4536 x 100/120 = Rs 3780 MP of luxury pen= 3780 x 100/70 = Rs 5400

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