Multiple choice

An article is marked at Rs. 2,250. By selling it at a discount of 12%, the dealer makes a profit of 10%. Find the cost price of the article for the dealer.

  1. Rs. $1,500$
  2. Rs. $1,600$
  3. Rs. $1,700$
  4. Rs. $1,800$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The selling price after a 12% discount on the marked price of Rs. 2,250 is 2,250 * 0.88 = Rs. 1,980. Since the dealer makes a 10% profit, this selling price is equal to 110% of the cost price. Therefore, the cost price is 1,980 / 1.1 = Rs. 1,800.

AI explanation

The selling price after the 12% discount is 2250 multiplied by 0.88, which equals 1980. Using the formula Cost Price = Selling Price / (1 + Profit Percentage), we calculate 1980 / 1.10. This results in a cost price of Rs. 1,800.

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