Ajay offers his customers a discount of 20% on an overcoat, and he still makes a profit of 28%. What is the actual cost of the overcoat marked at ₹1,800?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹1,125.
Marked Price = ₹1800
Discount = 20%
Selling Price = 1800 × 20% = 1440
Profit = 28%
Cost Price = = ₹1125