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The marked price of a machine is ₹ 18000...

The marked price of a machine is ₹ 18000. By selling it at a discount of 20%, the loss is 4%. What is the cost price of the machine?

A

₹1000

B

₹12000

C

₹14000

D

₹15000

Text Solution

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The correct Answer is:
D
Given market price of machine = ₹18000
`therefore` Discoount `= (20)/(100) xx 18000 = ₹ 3600`
`therefore` S.P = 18000 - 3600 ₹ 14400
If loss of 4% then
`CP = (100 xx SP)/(100-r) = (100 xx 14400)/(100-4)`
`= (100xx 14400)/(96) = ₹ 15000`
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