Correct Answer - Option 3 : 800
Given:
Marks up % = 60%, Two successive discounts 12.5% and 15% is given to customer
Concept:
S.P = M.P - Discount
Profit = S.P - C.P
Calculation:
Let cost price of an article is 100 units.
According to the question
The marked price is
⇒ 100 + (100 × 60%)
⇒ 100 + 60
⇒ 160 units
Now,
Discount on the article is
⇒ 160 - (160 × 12.5%)
⇒ 160 - 20
⇒ 140
Again, Discount is
⇒ 140 - (140 × 15%)
⇒ 140 - 21
⇒ 119 unit
Then, The profit on the article is
⇒ 119 - 100
⇒ 19 units
But actual profit is 152 rupees
⇒ 19 units = 152
⇒ 1 unit = 152/19 = 8 rupee
The cost price of the article is = Rs. (100 × 8) = Rs. 800
∴ Cost price of the article is Rs. 800