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%.
₹ 120
If a discount of 10% is given on the MP of ₹ 160 , Then SP = ₹ 144
SP = ₹ 144
Let CP be ₹ x
x + 20x100 = 144
120 x = 14400
x = 14400120 = ₹ 120