Multiple choice

A shopkeeper marks an article at Rs. 60 and sells it at a discount of 15%. He also gives a gift worth Rs. 3. If he still makes 20% profit, the cost price, in rupees is

  1. 22

  2. 32

  3. 40

  4. 42
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Marked price = 60. Discount = 15% of 60 = 9. Selling price = 60 - 9 = 51. Gift cost = 3. Net revenue = 51 - 3 = 48. Profit = 20% on cost price (CP). 48 = 1.2 * CP, so CP = 40.

AI explanation

The selling price after a 15% discount on the marked price of 60 is 60 * 0.85 = 51. The effective selling price after deducting the gift value is 51 - 3 = 48. Using the cost price formula CP = Effective SP / 1.20, we get CP = 48 / 1.20 = 40. The result is 40.

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