Manoj sold an article on marked price for Rs.13,000. Had he offered a discount of 10% on the marked price he would have earned a profit of 30%. What is the cost price?
Answer & explanation
Correct answer: option 3
Marked price = Rs.13,000
Discount = 10%
Profit = 30%
According to the question = CP = 13,000 × \(\frac{9}{10}\) × \(\frac{10}{13}\) = 9000