Multiple choice

A shopkeeper earns $15$% profit on a shirt even after allowing $31$% discount on the marked price.If the market price $1250$, then the cost price of the shirt is

  1. $870$
  2. $ 800$
  3. $750$
  4. $690$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Marked Price (MP) = 1250. Discount = 31%, so Selling Price (SP) = 1250 * 0.69 = 862.5. Profit = 15%, so SP = CP * 1.15. CP = 862.5 / 1.15 = 750.

AI explanation

The selling price of the shirt is calculated as the marked price minus the 31% discount, which is 1250 * (1 - 0.31) = Rs 862.50. Using the cost price formula, we divide the selling price by 1.15 to account for the 15% profit, so 862.50 / 1.15 = Rs 750.

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