Multiple choice

A shopkeeper marks up his wares by 60% and offers 25% discount. What will be the selling price (in Rs.) if the cost price is Rs. 1600?

  1. 1920

  2. 2000

  3. 2120

  4. 2200

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Marked price = 1600 * 1.6 = 2560. Selling price = 2560 * (1 - 0.25) = 2560 * 0.75 = 1920.

AI explanation

First calculate the marked price by adding the 60% markup to the cost price: 1600 plus 0.60 times 1600 equals 2560. Then apply the 25% discount to this marked price: 2560 minus 0.25 times 2560 equals 1920. Alternatively, using the direct selling price formula of Cost Price times 1.6 times 0.75 also yields Rs. 1920.