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    Question

    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.
    A Rs.500 Correct Answer Incorrect Answer
    B Rs.652 Correct Answer Incorrect Answer
    C Rs.750 Correct Answer Incorrect Answer
    D Rs.220 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the jacket be Rs. '100x'. Therefore, the marked price of the jacket = '100x' ├Ч 1.5 = Rs. '150x'. ATQ: '150x' ├Ч 0.7 = 525 Or, '105x' = 525 Or, 'x' = 525 ├╖ 105 = 5 Therefore, the cost price of the jacket = 100x = 100 ├Ч 5 = Rs. 500.

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