A retailer gains 18% after allowing 12% discount on the cost price. If the cost price is Rs. 16500, then what is the selling price?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs.17133.60.
ATQ,
Cost price = 16500
Discount = 12%
Profit on CP = 18%
So, the SP after 12% discount and 18% profit on the cost price = 16500 × (88/100) × (118/100) = Rs 17133.60