A shopkeeper marks up his goods by 20% and then offers a discount of 10%. If the cost price is ₹500, what is the selling price?
Show answer & explanation
Correct answer: B
Explanation
Given:
Cost price = ₹500
Surplus price = 20%
Discount = 10%
Marked price = 500 × (1 + 20/100) = 600
Selling price = 600 × (1 − 10/100) = 540
Selling price = ₹540