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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