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

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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.
 

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