Ravi sold a smartphone for Rs. 30,000. Had he offered a discount of 10% on the selling price(SP), he would have earned a profit of 35%. What is the cost price?

Rs. 20,000
Rs. 22,000
Rs. 24,000
Rs. 26,000

Correct Answer: Rs. 20,000

Explanation:

30,000*90/100 = 27000

27,000 = CP*135*/100

CP = 20000

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