Multiple choice

A shopkeeper marked the price of a phone as Rs. 20000 and sold it at discount of 15%. If his overall profit is 30%, then what was the cost price of the phone?

  1. Rs. 11012

  2. Rs. 12223

  3. Rs. 13077

  4. Rs. 14587

  5. Rs. 15000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Marked price = 20000. Selling price = 20000 * 0.85 = 17000. Profit = 30%, so SP = 1.3 * CP. CP = 17000 / 1.3 = 13076.92, which rounds to 13077.

AI explanation

The shopkeeper marked the phone at 20000 and sold it at a 15% discount. The selling price is calculated as 85% of 20000, which equals 17000. Since this selling price yields an overall profit of 30%, the cost price can be found by dividing the selling price by 1.30. Dividing 17000 by 1.30 gives a cost price of approximately 13076.92, which rounds to 13077.

Keep practicing — related questions