Multiple choice

Manoj sold an article for Rs. 15,000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price?

  1. Rs. 12,500

  2. Rs. 13,500

  3. Rs. 12,250

  4. Rs. 13,250

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Selling price is 15000. Discount of 10% means the price becomes 13500. This price yields 8% profit, so 1.08 * CP = 13500. CP = 13500 / 1.08 = 12500.

AI explanation

The new selling price after a 10% discount on Rs. 15,000 is 90% of Rs. 15,000, which equals Rs. 13,500. At this price, Manoj earns an 8% profit, meaning 108% of the cost price is Rs. 13,500. Using the formula Cost Price equals Selling Price multiplied by 100 divided by 108, we calculate 13500 multiplied by 100 divided by 108, which results in a cost price of Rs. 12,500.

Keep practicing — related questions