Multiple choice

A shopkeeper marks an article at Rs. 60 and sells it at a discount of 15%. If he still makes 20% profit, then the cost price, in rupee, is

  1. $22$
  2. $32$
  3. $40.80$
  4. $42.5$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Selling price = 60 * (1 - 0.15) = 60 * 0.85 = 51. Profit is 20%, so SP = CP * 1.2. CP = 51 / 1.2 = 42.5.

AI explanation

Using the selling price formula with the marked price and discount, the selling price is 60 * (1 - 0.15) = 51. Since this selling price yields a 20% profit, the cost price is calculated as 51 / 1.20 = 42.5. The cost price is Rs. 42.5.

Keep practicing — related questions