Q:
A shopkeeper sold a mobile phone for Rs. 12000. Had he offered discount of 10% on the selling price, there would be a loss of 4%. What is the cost price of that Mobile phone?
Answer & Explanation
Answer: B) Rs. 11,250
Explanation: Given that SP = Rs. 12000 - 10% = Rs. 10,800
Loss% = 4
We know that, C.P = 100/(100 - Loss%) x 100
=> 100/100-4 x 10800
=> 1080000/96
C.P = Rs. 11,250
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