An item smartphone is marked 25% above its cost price and sold for Rs. 1,500 after allowing two successive discounts of 20% and 25%, respectively. Find the cost price of the item.
ATQ, Marked price of the item smartphone = 1500/(0.75 × 0.80) = Rs.2,500 Cost price of the item smartphone = 2500/1.25 = Rs.2,000
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