A dealer's cost price for each fan he would like to sell is ₹2,000. After allowing a discount of 20% on its marked price, he gains 20%. His marked price of the fan is :

This question was previously asked in
SSC CGL 2023 Tier-I Official Paper (Held On: 20 Jul 2023 Shift 4)
View all SSC CGL Papers >
  1. Rs. 5000
  2. Rs. 2,500
  3. Rs. 3,000
  4. Rs. 4,000

Answer (Detailed Solution Below)

Option 3 : Rs. 3,000
super-pass-live
Free
SSC CGL Tier 1 2025 Full Test - 01
3.3 Lakh Users
100 Questions 200 Marks 60 Mins

Detailed Solution

Download Solution PDF

Given:

Cost price = 2000

Discount is given on Marked Price = 20%

Profit earned = 20%

Formula used:

S.P. = M.P. - D% of M.P.

C.P. = (S.P. × 100)/(100 + P)

Mark up% = {(M.P. - C.P.)/C.P.} × 100

Where, M.P. = Mark price, C.P. = Cost price, S.P. = Selling price

P = Profit%

Calculation:

Let the M.P. be 100x

Then, S.P. = 100 - 20% of 100

⇒ 100 - (20/100) × 100 = 80x

Now, S.P. = (2000)(100 + 20)/100

⇒ 2400

⇒ 80x = 2400

⇒ x = 30

⇒ M.P = 100x → 30 × 100 = 3000

∴ The markup price is 3000.

Latest SSC CGL Updates

Last updated on Jul 9, 2025

-> The SSC CGL Notification 2025 for the Combined Graduate Level Examination has been officially released on the SSC's new portal – www.ssc.gov.in.

-> Bihar Police Admit Card 2025 Out at csbc.bihar.gov.in

-> This year, the Staff Selection Commission (SSC) has announced approximately 14,582 vacancies for various Group B and C posts across government departments.

-> The SSC CGL Tier 1 exam is scheduled to take place from 13th to 30th August 2025.

->  Aspirants should visit ssc.gov.in 2025 regularly for updates and ensure timely submission of the CGL exam form.

-> Candidates can refer to the CGL syllabus for a better understanding of the exam structure and pattern.

-> The CGL Eligibility is a bachelor’s degree in any discipline.

-> Candidates selected through the SSC CGL exam will receive an attractive salary. Learn more about the SSC CGL Salary Structure.

-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.

-> The AP DSC Answer Key 2025 has been released on its official website.

-> The UP ECCE Educator 2025 Notification has been released for 8800 Posts.

More Discount and MP Questions

More Profit and Loss Questions

Get Free Access Now
Hot Links: teen patti royal teen patti master real cash teen patti vip