Question

    A shopkeeper bought an article and marked it at Rs. 900.

    By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of the article.
    A Rs. 720 Correct Answer Incorrect Answer
    B Rs. 700 Correct Answer Incorrect Answer
    C Rs. 750 Correct Answer Incorrect Answer
    D Rs. 780 Correct Answer Incorrect Answer

    Solution

    Marked price of the article = Rs. 900 Selling price of the article = 0.96 × 900 = Rs. 864 So, cost price of the article = 864/1.2 = Rs. 720

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