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Question : A shopkeeper marked a product 5% above the cost price and sold the product for INR 1890 by giving a discount of 10%. The cost price of the product is:

Option 1: INR 1,701

Option 2: INR 2,100

Option 3: INR 2,000

Option 4: INR 2,205


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: INR 2,000


Solution : Selling price = INR 1890
Discount = 10% of marked price
$\therefore$ Marked price = $\frac{100}{100-10}×1890=\frac{100}{90}×1890=$ INR 2100
The marked price is 5% above the cost price.
$\therefore$ Cost price = $\frac{100}{100+5}×2100=\frac{100}{105}×2100$ = INR 2000
Hence, the correct answer is INR 2000.

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