The marked price of a television set is ₹18,000. A shopkeeper allows a discount of 40% and gets a profit of 10%. What is the cost price of the television set
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹9,818(2/11)
The marked price of television = 18000
Discount = 40% of 18000 = 40(18000)/100 = 7200
Selling price = 18000 - 7200 = 10800
If a gain of 10% -
Cost price = S.P.(100)/100 + R = 10800(100)/(100 + 10) = 10800(100)/110 = Rs. 9818 2/11