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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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