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Vineet offers...

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

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B

₹12000

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C

₹10000

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D

₹14000

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Solution

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%
$Cost price = (\frac{100}{112}) \times 11200$
= ₹10000

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