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      Question

      A sofa is sold at 40% profit after giving a discount of

      30% on the marked price. If the marked price of the sofa is Rs. 4,000, find the cost price of the sofa.
      A Rs.1,200 Correct Answer Incorrect Answer
      B Rs.1,600 Correct Answer Incorrect Answer
      C Rs.2,000 Correct Answer Incorrect Answer
      D Rs.2,630 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Selling price of the article = 4000 Γ— 0.70 = Rs. 2,800 Let the cost price of the sofa be Rs. 'x' ATQ, x Γ— 1.40 = 2800 β‡’ x = 2800 Γ· 1.40 = Rs. 2,000 So, the cost price of the sofa = Rs. 2,000

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