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A shopkeeper sold a mobile phone for Rs. 12000. Had he offered discount of 10% on the selling price, there would be a loss of 4%. What is the cost price of that Mobile phone?

Rs. 12,500
Rs. 11,250
Rs. 12,750
Rs. 11,680

Correct Answer: Rs. 11,250

Explanation:

Given that SP = Rs. 12000 - 10% = Rs. 10,800

Loss% = 4

We know that, C.P = 100/(100 - Loss%) x 100

=> 100/100-4 x 10800

=> 1080000/96

C.P = Rs. 11,250

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