A shopkeeper sells an item for ₹462 after offering a discount of 25% on its list price. Had he not offered any discount, he would have earned a profit of 10%. What is the cost price (in ₹) of the article?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 560.
Let the list price be ₹ x
Selling price after 25% discount =
⇒ = 464
⇒ x = ₹616
⇒ 10% profit:
CP = = 5.6 × 100 = ₹560