A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is = ?
A. Rs. 704
B. Rs. 640
C. Rs. 774
D. Rs. 680
Answer: Option B
Solution(By Examveda Team)
Market price of the article = Rs. 880After discount selling price of the article
$$\eqalign{ & {\text{ = }}\frac{{880 \times 80}}{{100}} \cr & {\text{ = Rs}}{\text{. 704}} \cr & {\text{Cost price of the article }} \cr & {\text{ = }}\frac{{704 \times 100}}{{110}} \cr & = {\text{Rs}}{\text{. 640}} \cr} $$
This Question Belongs to Arithmetic Ability >> True Discount
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Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
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B. 13%
C. 15%
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A. Rs. 9025.20
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A. Rs. 12,000 in cash
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704 into 100 diveded by 100 is 704 not 640. WRONG