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    Question

    A chair is sold at 25% profit after allowing a discount

    of 20% on the marked price. If the marked price of the chair is Rs. 2,500, find its cost price.
    A Rs.1,200 Correct Answer Incorrect Answer
    B Rs.1,600 Correct Answer Incorrect Answer
    C Rs.2,600 Correct Answer Incorrect Answer
    D Rs.2,630 Correct Answer Incorrect Answer

    Solution

    ATQ, Selling price of the article = 2500 ├Ч 0.80 = Rs. 2,000 Let the cost price of the chair be Rs. 'x' ATQ, x ├Ч 1.25 = 2000 x = 2000 ├╖ 1.25 = Rs. 1,600 So, the cost price of the chair = Rs. 1,600

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