A shopkeeper earns a profit of 20% after offering a discount of 10% on the marked price of an electric mixer. What is the cost price (in ₹) of the electric mixer having marked price ₹6,500?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 4,875.
MP = 6500
Discount = 10%
SP = (90/100) × 6500 = 5850
Profit percentage = 20%
CP = (100/120) × 5850 = 4875
Therefore, the cost price of the electric mixer is ₹4,875.