Question
Download Solution PDFSuji marked a dress 50% above the cost price. If she offers a discount of 30% on the marked price and the customer pays ₹5,250, the cost price is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (MP) = 1.5 × Cost Price (CP)
Discount = 30%
Selling Price (SP) = ₹5,250
Formula used:
SP = MP × (1 - Discount)
MP = 1.5 × CP
Calculation:
5,250 = 1.5 × CP × (1 - 0.30)
⇒ 5,250 = 1.5 × CP × 0.70
⇒ 5,250 = 1.05 × CP
⇒ CP =
⇒ CP = 5,000
∴ The correct answer is option (3).
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