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      Question

      A shopkeeper marks an article 50% above cost price. He

      gives successive discounts of 20% and 10%. If profit is Rs 180, find the cost price.
      A 2050 Correct Answer Incorrect Answer
      B 2250 Correct Answer Incorrect Answer
      C 3250 Correct Answer Incorrect Answer
      D 2000 Correct Answer Incorrect Answer

      Solution

      ATQ, Let CP = 100 MP = 150 After 20% discount: SP = 150 Γ— 80/100 = 120 After 10% discount: SP = 120 Γ— 90/100 = 108 So SP = 108 when CP = 100 β‡’ profit = 8% 8% of CP = 180 β‡’ CP = 180 Γ— 100/8 = 2250

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