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    Question

    The ratio of cost price and selling price of a shirt is

    7:8 respectively. The shirt was marked up by 20% above its cost price, and sold after giving Rs.40 discount. Find the cost price of the shirt.
    A Rs.700 Correct Answer Incorrect Answer
    B Rs.1200 Correct Answer Incorrect Answer
    C Rs.560 Correct Answer Incorrect Answer
    D Rs.1800 Correct Answer Incorrect Answer

    Solution

    Let the Cost price and Selling price of the shirt be Rs. 7x and 8x respectively. According to the question, => 1.2 × 7x – 40 = 8x => x = 40/0.4 = 100 Therefore the cost price of the shirt = 7x = Rs.700

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