A shopkeeper marks an item 25% above cost price. He gives 12% discount and makes ₹240 profit. What is the cost price?

Question

Accepted Answer

1. Marked price is 25% above cost: $MP = 1.25 CP$.
2. After 12% discount, selling price is $SP = 0.88 MP = 1.1 CP$.
3. Profit = $SP - CP = 0.1 CP = 240$.
4. So $CP = 240/0.1 = 2400$.  
**Answer: ₹2,400**

FINAL_ANSWER: c

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