The price of a treadmill is marked at ₹1,250. A shopkeeper earns a profit of 14% after allowing a discount of 14% on the marked price. Find the cost price (to the nearest rupee) of the treadmill.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹943.
Given that
Marked price of article = ₹1,250
Profit % = 14%
Discount % = 14%
C.P./M.P. = (100 - D)/(100 + P)
C.P./1250 = (100 - 14)/(100 + 14) = 86/114
C.P. = 107500/114 = ₹943