A shopkeeper marks his goods at 60% above the cost price. He allows a discount…
2025
A shopkeeper marks his goods at 60% above the cost price. He allows a discount of 25% on the marked
price. If he also gives an additional cash discount of ₹150, and still makes a profit of 14% on the cost price, what
is the cost price of the goods?
- A.
₹2000
- B.
₹2500
- C.
₹3000
- D.
₹3500
Attempted by 1 students.
Show answer & explanation
Correct answer: B
Marked price = 160% of cost price.
After a 25% discount, price = 120% of cost price.
After the Rs 150 cash discount, profit is 14%, so 1.20CP - 150 = 1.14CP.
Thus 0.06CP = 150 and CP = Rs 2500.