The marked price of an article is Rs 1,280. If a shopkeeper sold the article at 12% profit after giving a 30% discount then, the cost price of the article is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs 800.
Discount percentage = Discount/1280 × 100
⇒ 30 = Discount/1280 × 100
⇒ Discount = (128 × 3) = Rs.384
Selling Price of the article = (1280 - 384) = Rs.896
Cost Price = (Selling price × 100)/(100 + profit)
⇒ (896 × 100)/(100 + 12)
⇒ 89600/112 = Rs.800