A mobile phone was sold for Rs. 12,600 after allowing a 10% discount on the marked price. If the profit was 20%, what was the cost price?
Show answer & explanation
Correct answer: B
Explanation
Selling Price = 12,600, Discount = 10%, Profit = 20%
SP = 120% of CP
12,600 = 1.2 × CP
CP = 12,600 / 1.2 = ₹10,500