A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?

A. Rs. 704
B. Rs. 640
C. Rs. 774
D. Rs. 680

Answer

B. Rs. 640

Solution

Market price of the article = Rs.880

After discount selling price of the article

= (880*80)/100

= Rs. 704

Cost Price of the article

= (704*100)/110

= Rs. 640 (Answer)

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