Question

The marked price of a radio was ₹ 2400.It was sold after a discount of 20%. If the percentage of profit was 20%, then find its cost price (in ₹).
A. 1500
B. 1600
C. 1200
D. 1800

Answer 1

Correct Answer - B
Let the cost price of the ratio be x.
Profit (in ₹)`=(20)/(100)x=0.2x`
Selling price=₹ 1.2x.
Discount offered (in ₹)`=(20)/(100)(2400)=480`
`1.2x=2400-480 implies x=1600`