Question
Download Solution PDFIn a stock clearance sale, a shopkeeper gives 40% off on all his items. He incurs a loss of 25% by selling an item of marked price Rs. 2,000/-, which one of the following is the cost price of
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (MP) = ₹2,000
Discount = 40%
Loss = 25%
Formula used:
Selling Price (SP) = MP - Discount
Cost Price (CP) = SP / (1 - Loss%)
Calculation:
SP = 2000 - (40/100) × 2000
⇒ SP = 2000 - 800
⇒ SP = 1200
CP = 1200 / (1 - 0.25)
⇒ CP = 1200 / 0.75
⇒ CP = 1600
∴ The correct answer is option 3.
Last updated on May 21, 2025
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