A shopkeeper marks an article at ₹1200 and offers a discount of 10%, but still makes a profit of 8%. What is the cost price?
Show answer & explanation
Correct answer: B
Explanation
Marked Price = ₹1200
Discount = 10%
Selling Price after discount = 1200 - 10% of 1200
= 1200 - 120
= ₹1080
SP = 108% of CP
1080 = CP × 108/100
CP = 1080 × 100/108
CP = ₹1000