Question

    A trader marks his goods at 40% above the cost price and

    offers a discount of 20%. If the trader still makes a profit of Rs. 96, find the cost price.
    A Rs. 420 Correct Answer Incorrect Answer
    B Rs. 500 Correct Answer Incorrect Answer
    C Rs. 680 Correct Answer Incorrect Answer
    D Rs. 800 Correct Answer Incorrect Answer
    E Rs. 900 Correct Answer Incorrect Answer

    Solution

    Let the cost price be Rs. x. Marked price = x × (1 + 40/100) = 1.4x Selling price = Marked price × (1 - 20/100) = 1.4x × 0.8 = 1.12x Profit = Selling price - Cost price 96 = 1.12x - x 96 = 0.12x x = 96 / 0.12 = Rs. 800 Correct Option: d) Rs. 800

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