Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 93
A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, then the cost price is:
Solution
Dealer has offered a discount of 10% on his marked price of 800.
Therefore, selling price = 800 - 80 = 720
Percent Profit = $$\frac{Selling Price - Cost Price}{Cost Price}$$*100
0.2 = $$\frac{720 - Cost Price}{Cost Price}$$
Cost Price = 720/1.2
Cost Price = 600
Therefore option A is correct.
Create a FREE account and get:
- Download Maths Shortcuts PDF
- 300+ previous papers with solutions PDF
- 500+ Online Tests for Free
