A dealer sells a packet of cookies at Rs. 120 after giving a 25% discount on the marked price. If the profit earned is 20%, find the cost price.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 100.
MP = 120/0.75 = 160
Profit 20% ⇒ CP = 120/1.2 = 100