A shopkeeper marks the price of the article in such a way that after allowing 28% discount, he wants a gain of 12%. if the marked price is Rs.224, then the cost price of the article is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 144
| Understanding | Application |
| Tricks |
MP = 224 = 100% After the discount SP = 72% of MP 224/100 × 72 161.28 |
| Now |
161.28 = 112% because at the end he gains 12% profit So CP = 161.28/112 × 100 = 16128/112 = 144 |