Correct Answer - Option 4 : Rs. 8640
Given:
3 successive discount of 10%, 20% and 12.5%
Profit = 16.67%
Marked price = 16000
Formula used:
Cost price × (100 + Profit percentage)/100 = Selling price
Selling price = Marked price × (100 – Discount percentage)/100
Concept:
The fractional value of 100% = 1, 16.67% = 1/6, 20% = 1/5, 10% = 1/10 and 12.5% = 1/8
Calculation:
Let the cost price of the television be x
According to the question
x × 116.67/100 = 16000 × (90/100) × (80/100) × (87.5/100)
⇒ x × 7/6 = 16000 × (9/10) × (4/5) × (7/8)
⇒ x = 40 × 6 × 9 × 4 = 8640
∴ Cost price of television (x) = Rs. 8640