New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An item's price is set 25% higher than its cost price.

    After applying two consecutive discounts of 20% and 25%, it is sold for Rs. 1,500. Calculate the original cost price of the item.
    A Rs. 2,450 Correct Answer Incorrect Answer
    B Rs. 2,000 Correct Answer Incorrect Answer
    C Rs. 2,500 Correct Answer Incorrect Answer
    D Rs. 1,600 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1500/(0.75 × 0.80) = Rs. 2,500 Cost price of the article = 2500/1.25 = Rs. 2,000

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