Question : The marked price of a toy car is INR 600. The shopkeeper gives a discount of 4% and still makes a profit of 28%. Find the cost price.
Option 1: INR 460
Option 2: INR 420
Option 3: INR 480
Option 4: INR 450
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Correct Answer: INR 450
Solution :
The marked price of a toy car is INR 600.
The shopkeeper gives a discount of 4%.
$\therefore$ Selling price $=\frac{96}{100}×600=576$
He still makes a profit of 28%.
$\therefore$ Cost price $=\frac{100}{100+28}×576=450$
Hence, the correct answer is INR 450.
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