Question
Download Solution PDFThe selling price of the table is Rs.22680 after a discount of 16%. If the cost price is 75% of the marked price, then what is the cost price. (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The selling price of the table after 16% discount = ₹22,680
Cost price = 75% of the marked price
Formula used:
Selling Price (SP) = Marked Price (MP) × (1 - Discount/100)
Cost Price (CP) = Marked Price (MP) × (75/100)
Calculations:
SP = ₹22,680, Discount = 16%
⇒ ₹22,680 = MP × (1 - 16/100)
⇒ ₹22,680 = MP × (84/100)
⇒ MP = ₹22,680 × (100/84)
⇒ MP = ₹27,000
Now, CP = MP × (75/100)
⇒ CP = ₹27,000 × (75/100)
⇒ CP = ₹20,250
∴ The correct answer is option (4).
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