Question

    A shopkeeper offers a 10% discount on an article and

    still manages to earn a 12% profit. If the marked price of the article is Rs. 2800, calculate the cost price of the article.
    A Rs. 2480 Correct Answer Incorrect Answer
    B Rs. 2340 Correct Answer Incorrect Answer
    C Rs. 2250 Correct Answer Incorrect Answer
    D Rs. 2360 Correct Answer Incorrect Answer
    E Rs. 2450 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of the article be Rs. x Selling price of the article = 112% of x = 28x/25 Also, the selling price of the article = 90% of 2800 = Rs. 2520 So, 28x/25= 2520 x = (2520 × 25)/28 x = Rs. 2250

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