Question : A shopkeeper earns a profit of 20% after offering a discount of 10% on the marked price of an electric mixer. What is the cost price (in INR) of the electric mixer having a marked price of INR 6,500?
Option 1: 4,900
Option 2: 4,825
Option 3: 4,850
Option 4: 4,875
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Correct Answer: 4,875
Solution :
Given: The marked price of the electric mixer = INR 6,500
Discount % = 10%
Selling price after getting 10% discount = $\frac{90}{100}\times 6500$ = INR 5,850
Profit = 20%
⇒ Cost price = $\frac{100}{120}×5850$ = INR 4,875
Hence, the correct answer is INR 4,875.
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