A shopkeeper marked a shirt 40% above the cost price and then gave a discount of 10%. He made a net profit of Rs. 702 after paying a tax of 10% on the gross profit. What is the cost price of the shirt?

A shopkeeper marked a shirt 40% above the cost price and then gave a d

1.	A shopkeeper marked a shirt 40% above the cost price and then gave a discount of 10%. He made a net profit of Rs. 702 after paying a tax of 10% on the gross profit. What is the cost price of the shirt?
A.	3000
B.	4000
C.	5000
D.	5500
E.	None of these
Answer» B. 4000

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A shopkeeper marked a shirt 40% above the cost price and then gave a discount of 10%. He made a net profit of Rs. 702 after paying a tax of 10% on the gross profit. What is the cost price of the shirt?

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