A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price. MCQ with Answer and Explanation

Explanation:
Let CP = 100, MP = 140, SP = 140*0.75 = 105, profit = 5%.

Explanation:
CP = 315 / 1.05 = 300.

Explanation:
When two articles are sold at the same selling price, and one is sold at a profit of x% and the other at a loss of x%, there is always an overall loss. Loss % = (x^2)/100. Here, x = 20. Loss % = (400)/100 = 4%.