A wholesaler offers 20 % off season discount to the retailer and still makes a profit of 15 %. What is the actual costto him of an article marked ₹ 862.50.
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Answer:
Correct option is
A
Rs 800
We have,
M.P. = Rs 1120, and Discount % = 10
∴S.P.=M.P.(
100
100−Discount%
)=Rs{1120×(
100
100−10
)}=Rs1008
Now,
Gain % = 26 and S.P. = Rs 1008
∴C.P.=(
100+Gain%
100×S.P
)⇒C.P.=Rs(
100+26
100×1008
)=Rs800
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