A jacket is marked 50% above its cost price and sold after allowing a discount of 30%. If the jacket is sold for Rs. 525, then find the cost price of the jacket.
ATQ, Let the cost price of the jacket be Rs. '100x'. Therefore, the marked price of the jacket = '100x' × 1.5 = Rs. '150x'. ATQ: '150x' × 0.7 = 525 Or, '105x' = 525 Or, 'x' = 525 ÷ 105 = 5 Therefore, the cost price of the jacket = 100x = 100 × 5 = Rs. 500.
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