The marked price of a toy car is 2600. The shopkeeper gives a discount of 4% and still makes a profit of 28%. Find the cost price.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 1950.
SP = MP × (100 − discount) ÷ 100
SP = 2600 × (100 − 4) ÷ 100 = 2,496
CP = SP × 100 ÷ (100 + profit%)
CP = 2,496 × 100 ÷ (100 + 28) = 1,950