A shopkeeper marks his products 50% above the cost price and allows a discount of 20% on the marked price. He also gives an additional cash discount of ₹120 and still makes a profit of 16% on cost. What is the cost price of the product?

Question

Accepted Answer

1. Let cost = $x$. Marked price = $1.5x$.
2. After 20% discount, price = $0.8	imes1.5x=1.2x$.
3. After extra cash discount ₹120, final SP = $1.2x-120$.
4. Given profit 16%: $1.2x-120=1.16x$. So $0.04x=120$ and $x=3000$.
5. Cost price = **₹3,000**.

FINAL_ANSWER: b

Answer

Answer

Answer