Question

A shopkeeper marks the price of cold cream at ₹ 160. Find the cost price if after allowing a discount of 10% he still makes a profit of 20%.

• A. ₹ 115
• B. ₹ 100
• C. ₹ 120
• D. ₹ 175

Answer 1

The correct option is C

₹ 120

Marked Price = Rs. 160

Discount % = 10 %

Hence Discount = 10 % of Rs. 160

= $\frac{10}{100}$ $\times$ 160

=Rs. 16

Hence Selling price = Marked price - Discount

=160 - 16

= Rs.144

Profit Percent earned = 20 %

If C. P S.P

100 120

? 144

C.P = $\frac{144\times 100}{120}$

= Rs. 120