A dealer purchased a food processor for ₹10,000. He offered a discount of 20% on its listed price and still gained a profit of 40%. Find the listed price of the food processor.
Answer & explanation
Correct answer: option 3
CP MP
100 - Discount : 100 + Profit
100 - 20 : 100 + 40
80 : 140
4 : 7
4 = 10000
7 = 17500