A trader offers an 8% discount on all his goods and still make a 15% profit. If an item is marked with a price of Rs.250, the cost price is:
Show answer & explanation
Correct answer: C
Explanation
The Correct answer is Option 3 i.e. ₹200.
M.P. = Rs.250
Profit = 15%
Discount = 8%
Let, the C.P. of the article be y
According to the question
⇒ 92% of M.P. = 115/100 × C.P.
⇒ 92/100 × 250 = 115/100 × C.P.
⇒ C.P. = (92 × 250)/(115)
⇒ C.P. = Rs.200