Namitha gives a 20% discount on all things in her shop and yet makes a profit of 12%. What is the cost price of an item with marked price of ₹280?
Answer & explanation
Correct answer: option 4
CP MP
100 - Discount : 100 + Profit
100 - 20 : 100 + 12
80 : 112
5 : 7
7 = 280
5 = 200