Question

    A shopkeeper sold a toy for Rs. 980 after offering a 30%

    discount on the labeled price. If he had not given the discount, he would have made a 25% profit on the cost price. What was the cost price of the toy?
    A Rs.1080 Correct Answer Incorrect Answer
    B Rs.1120 Correct Answer Incorrect Answer
    C Rs.1310 Correct Answer Incorrect Answer
    D Rs.1420 Correct Answer Incorrect Answer

    Solution

    Let MP = x SP of each toy = 70x/100 = 980 => x = Rs.1400 CP = 1400 * 100/125 = Rs.1120

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