A shirt is sold at 20% profit after giving 20% discount on the marked price. The difference between the discount and the profit is ₹200. Find the marked price.

₹2,500
₹3,000
₹3,200
₹3,500

Correct answer: ₹3,000

Solution

A 20% discount means discount = 20% of marked price. A 20% profit means profit = 20% of cost price, and the difference between them is ₹200. Solving the resulting relation gives the marked price as ₹3,000.

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