Question

    A trader marked an item 60% above its cost price and sold it for Rs. 2400 after offering a 25% discount. What was the cost price of the item?

    A Rs.2500 Correct Answer Incorrect Answer
    B Rs.2000 Correct Answer Incorrect Answer
    C Rs.1500 Correct Answer Incorrect Answer
    D Rs.1250 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the item be Rs. 'x'. So, 0.75 × 1.60 × x = 2400 Or, x =2400/1.2 x = Rs.2000

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