What will be the cost price of the goods if a shopkeeper allows a discount of 10% on the marked price of Rs.100 and gains 8% (rounded off to the nearest integer)?
Answer & explanation
Correct answer: option 1
Marked price = 100
Discount = 10%
Gain = 8%
ATQ,
CP = 100 × \(\frac{9}{10}\) × \(\frac{100}{108}\) = 83