Question

A Rice is Marked at Rs 1500 at big bazar.A seller allows a discount of 7% and still gains 20% Profit.Then the cost price of the rice of Rs​

Answer 1

Answer:

cost price of the rice is 1300 rs it is correct

Step-by-step explanation:

this is technically the correct answer

Answer 2

Answer:

The cost price is Rs.1162.5.

Step-by-step explanation:

We know that the price marked is 1500 and the seller allows a discount of 7%.

Therefore the selling price is 1500×$\frac{7}{100}$=105.

The selling price is 1500-105=1395.

20% profit on 1395.

Let the CP be x.

x+20x/100=1395

x+x/5=1395

6x/5=1395

x=5*1395/6=1162.5