Question

The market price of an article is Rs. 2720. If a shopkeeper sold the article at 15% loss after giving 25% discount, then the cost price (in Rs.) of the article is:
1. 2400
2. 1300
3. 2000
4. 1800

Answer 1

Correct Answer - Option 1 : 2400

Given:

The marked price of an article = Rs. 2720

Loss = 15%

Discount = 25%

Formula used:

CP = 100/100 – loss% ×  SP

Calculation:

According to the question

SP = 2720 – 25% of 2720

⇒ 2720 – (25/100 × 2720)

⇒ 2720 – 680

⇒ SP = Rs. 2040

Now,

CP = 100/100 – loss% × SP

⇒ (100/100 – 15) × 2040

⇒ (100/85 × 2040)

⇒ 100 × 24

⇒ Rs. 2400

∴ The cost price of the article is Rs. 2400