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The marked price of a article is Rs. 4000. If the shopkeeper sold the article at 10% discount but still got a profit of 20%, find the cost price of the article.
1. Rs. 3200
2. Rs. 2880
3. Rs. 3000
4. Rs. 3300

1 Answer

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Best answer
Correct Answer - Option 3 : Rs. 3000

Given:

Marked price = Rs. 4000

Discount = 10%

Profit = 20%

Formula used:

SP = MP × [(100 – Discount%)/100]

CP = SP × [100/(100 + Gain%)]

Calculation:

SP = Rs. 4000 × (90/100)

⇒ Rs. 3600

CP = Rs. 3600 × (100/120)

⇒ Rs. 3000

∴ The cost price of article is Rs. 3000

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