Question
Download Solution PDFA company sells goods at a markup of 25% above the cost price. During a sale, the company offers a 10% discount on the marked price. If the customer pays Rs. 540 after the discount, then what was the original cost price of the goods?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Markup on cost price = 25%
Discount on marked price = 10%
Final price paid by customer = Rs. 540
Formula Used:
Marked Price = Cost Price × (1 + Markup Percentage)
Sale Price = Marked Price × (1 - Discount Percentage)
Calculation:
Let the original cost price be Rs. C.
Marked Price = C × (1 + 0.25)
Marked Price = C × 1.25
Sale Price = Marked Price × (1 - 0.10)
Sale Price = C × 1.25 × 0.90
Sale Price = C × 1.125
Given Sale Price = Rs. 540
⇒ C × 1.125 = 540
⇒ C = 540 / 1.125
⇒ C = 480
The original cost price of the goods is Rs. 480.
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