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.
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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