A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs.800, then the cost price is:

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INSURANCE EXAMS (NICL) 2013 click here to view all questions

A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs.800, then the cost price is:

ARs.600

BRs.700

CRs.800

DRs.900

Nithin ? undefined

Correct answer is: Rs.600

Explanation:

Marked Price = Rs.800
S.P. = \(\frac{800 \times 90}{100}\)= Rs.720

Therefore, C.P. = \(= \frac{100}{120} \times 720\)

= Rs.600

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Correct answer is: Rs.600 Explanation: Marked Price = Rs.800 S.P. = \(\frac{800 \times 90}{100}\)= Rs.720 Therefore, C.P. = \(= \frac{100}{120} \times 720\) = Rs.600 Nithin ? answered undefined All Comments

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