Question

A shopkeeper marks the price of cold cream at ₹ 80. After allowing a discount of 10% he still gains 20% on the cost price. Find the cost price.

• A. Rs. 65
• B. Rs. 70
• C. Rs. 60
• D. Rs. 75

Answer 1

The correct option is C

Rs. 60

Marked Price = Rs. 80
Discount % = 10 %
Hence Discount = 10 % of Rs. 80

= $\frac{10}{100}$ $\times$ 80

=Rs. 8

Hence Selling price = Marked price - Discount

= 80 - 8

= Rs.72

Profit Percent earned = 20 %

If C. P S.P

100 120

? 72

C.P = $\frac{72\times 100}{120}$

= Rs. 60