Multiple choice

A profit of 13% is made on selling a denim after offering a discount of 13%. If the marked price of the denim is Rs. 1130, then find its cost price.

  1. Rs. 870

  2. Rs. 890

  3. Rs. 920

  4. Rs. 860

  5. Rs. 900
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The marked price is 1130. After a 13% discount, the selling price is 1130 * 0.87 = 983.1. Since there is a 13% profit on the cost price, 1.13 * CP = 983.1, which gives CP = 983.1 / 1.13 = 870.

AI explanation

The selling price of the denim is 87% of its marked price, which is 0.87 x 1130 = Rs. 983.1. Since this selling price yields a 13% profit on the cost price, we can write 1.13 x Cost Price = 983.1. Solving this gives a cost price of 983.1 / 1.13 = Rs. 870.

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