A shopkeeper allows 10% discount on the marked price of an article and still makes a profit of 8%. If the marked price is ₹480, then what is the cost price (in ₹)of the article?
Answer & explanation
Correct answer: option 4
CP MP
100 - D% 100 + P%
100 - 10% 100 + 8%
90 108
⇓×\(\frac{40}{9}\) ⇓×\(\frac{40}{9}\)
400 480 Given