Q. A trader marks an item at ₹1200 and gives a discount of 10%. If his profit is ₹80, what is the cost price?
✅ Correct Answer: (B)
₹960
Explanation: SP = 1200 - 10% = 1080; CP = 1080 - 80 = ₹1000? Actually profit 80 means SP - CP = 80 → CP = 1080 - 80 = ₹1000. Updated answer below.
Explanation by: Yami Thakur
SP = 1200 - 10% = 1080; CP = 1080 - 80 = ₹1000? Actually profit 80 means SP - CP = 80 → CP = 1080 - 80 = ₹1000. Updated answer below.