A shopkeeper sells a dress at 15% discount and still makes a 10% profit. What is the cost price if the marked price is ₹2,000?
Show answer & explanation
Correct answer: C
Explanation
Marked Price (MP) = ₹2000
Discount = 15%
Therefore, Selling Price (SP) = 2000 × 85/100
= ₹1700
At a 10% profit,
SP = 110% of CP
1700 = 110% of CP
CP = 1700 × 100/110
= ₹1545.45