Question

Vineet offers a discount of 20% on all the items at his shop and still makes a profit of 12%. What is the cost price of an article marked at ₹14000?

• A. ₹11000
• B. ₹12000
• C. ₹10000
• D. ₹14000

Answer 1

The correct option is C ₹10000

Given,
Marked price = ₹14000
Discount = 20% of ₹14000
= $\frac{20\times 14000}{100}$
= ₹2800
Selling Price = Marked Price - Discount
Selling Price = 14000 - 2800 = ₹11200
Profit = 12%
$\text{Cost price}=\left(\frac{100}{112}\right)\times 11200$
= ₹10000