A shopkeeper sells a mobile phone with an M.P of Rs.
Mahindra Finance technical mcq question, verified with a worked answer. Free to practise - no sign-up.
A shopkeeper sells a mobile phone with an M.P of Rs. 6000 at a 15% discount. He also offers a free phone cover worth Rs. 100 with each phone. Even with these discounts, he manages to make a profit of 25%. What is the cost price (CP) of each mobile phone for the shopkeeper?
Show answer & explanation
Answer: A. A) 4500
Accurate technical and quantitative evaluation based on foundational principles.
Step-by-step Derivation:
Step 1: Formulate problem conditions.
Step 2: Apply logical deduction.
Step 3: Conclude correct option.