Question

    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.
    A Rs.1,250 Correct Answer Incorrect Answer
    B Rs.1,000 Correct Answer Incorrect Answer
    C Rs.2,500 Correct Answer Incorrect Answer
    D Rs.2,000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    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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