Question

Vineeta offers a discount of 20% on all the items at her shop and still makes a profit of 12%. What is the cost price of an article marked at ₹1400?

• A. ₹1000
• B. ₹1200
• C. ₹1140
• D. ₹940

Answer 1

The correct option is A ₹1000

Given,
Marked price = ₹1400
Discount = 20% of ₹1400
= $\frac{20\times 1400}{100}$
= ₹280
Selling Price = Marked Price - Discount
Selling Price = 1400 - 280 = ₹1120
Profit = 12%
$\text{Cost price}=\left(\frac{100}{112}\right)\times 1120$
= ₹1000