A shopkeeper sold sarees at ₹529 each after giving an 8% discount on their marked price. Had he not given the discount, he would have earned a profit of 15% on their cost. What was the cost price ( in ₹) of each saree?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 500.
Let CP = x
Marked Price (MP) = x ×
SP = MP ×
⇒ SP = x × × = x ×
⇒ x × = 529
⇒ x = 500