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    Question

    A gadget was priced 75% higher than its actual cost and

    then sold with a discount of Rs. 525. If it was sold for Rs. 1225, determine its cost price.
    A Rs.2500 Correct Answer Incorrect Answer
    B Rs.1000 Correct Answer Incorrect Answer
    C Rs.1800 Correct Answer Incorrect Answer
    D Rs.1250 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked price of the gadget = 1225 + 525 = Rs. 1750 Cost price of the gadget = 1750 / 1.75 = Rs. 1000

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