A shopkeeper allows a discount of 15% on the marked price of ₹1,600 and still gains \(13\frac{1}{3}\%\). What is the cost price?
A. ₹1150
B. ₹1180
C. ₹1250
D. ₹1200
A. ₹1150
B. ₹1180
C. ₹1250
D. ₹1200
Best answer
Answer: D. ₹1200
Answer: (D) ₹1200
SP = 85% of 1600 = ₹1360.
\(13\frac{1}{3}\% = \frac{2}{15}\), so SP = \(\frac{17}{15}\) × CP and CP = 1360 × \(\frac{15}{17}\) = ₹1200.
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