Multiple choice

A shopkeeper marks the price of an article at Rs. 200. After allowing a discount of 10%, he still gains 20% on the cost price. What is the cost price of the article?

  1. Rs. 170

  2. Rs. 160

  3. Rs. 150

  4. Rs. 120
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The marked price is 200 and a 10% discount makes the selling price 180. Since there is a 20% gain on the cost price, 1.2 * CP = 180, so CP = 150.

AI explanation

The selling price is the marked price after a 10% discount, calculated as 200 * 0.90 = Rs. 180. This selling price yields a 20% profit on cost, so Selling Price = 1.2 * Cost Price. Therefore, the cost price is 180 / 1.2 = Rs. 150.

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