A fan is marked at ₹2400. The shopkeeper allows a discount of 15% on the marked price and still gains 20%. The cost price of the fan (in ₹) is:

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Accepted Answer

1700. SP = 2400 × 0.85 = ₹2040. That selling price is 120% of the cost, so CP = 2040/1.20 = ₹1700. (Taking 20% off ₹2040 instead of dividing by 1.20 gives the trap ₹1632.)

A fan is marked at ₹2400. The shopkeeper allows a discount of 15% on the marked price and still gains 20%. The cost price of the fan (in ₹) is:

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