The marked price of an article is ₹1,280. If a shopkeeper sold the article at 12% profit after giving 30% discount, then the cost price of the article is:
Answer & explanation
Correct answer: option 2
CP MP
100 - D% 100 + P%
100 - 30% 100 + 12%
70 112
⇓× \(\frac{80}{7}\) ⇓× \(\frac{80}{7}\)
800 1,280 Given