Mathematics · Profit and Loss
A merchant marked an article such that its price was 25% above its cost price. He offered two consecutive discounts of 10% and 20% to a buyer. If he incurred a loss of ₹400, what was the marked price of the article?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,080
- 2₹2,500✓
- 3₹2,000
- 4₹5,000
Correct answer
₹2,500
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