Multiple choice

A profit of 6% is made by selling a microwave after offering a discount of 10%. If the marked price of the microwave is Rs. 2,000, then find its approximate cost price.

  1. Rs. 1,800

  2. Rs. 1,760

  3. Rs. 1,698

  4. Rs. 1,620

  5. Rs. 1,708
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Marked Price = 2000. Selling Price after 10% discount = 2000 * 0.9 = 1800. Profit is 6%, so SP = CP * 1.06. CP = 1800 / 1.06 = 1698.11, which is approximately 1698.

AI explanation

The selling price of the microwave is 90% of its marked price, calculated as 0.90 x 2000 = Rs. 1800. Because this results in a 6% profit, the cost price multiplied by 1.06 must equal the selling price. Therefore, the cost price is 1800 / 1.06, which is approximately Rs. 1698.

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