Question

A shopkeeper earns $15\%$ profit on selling a shirt even after allowing a $31\%$ discount on the marked price. If the market price is $₹1250$, then find the cost price of the shirt.

• A. $₹760$
• B. $₹725$
• C. $₹750$
• D. $₹780$

Answer 1

The correct option is C $₹750$

Selling price = Marked price - $31\%$ of Marked price,

Selling price $=1250-1250\times \frac{31}{100}=862.50$

$CP=\frac{100}{115}\times 862.50$
$CP=₹750$