The marked price of an article is Rs. 1200 and discount offered is 31%. If profit is 15%, then what will be the cost price?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 720
| Understanding | Application |
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Selling price = 1200 - 31% of 1200. Selling price = 1200 - 372 = 828. Let CP be X Rs. A/c to question, X + 15% of X = 828 X + 3X/20 = 828 23X = 16560 X = 720
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SP = MP - Discount CP + Profit = SP |