Question
Download Solution PDFThe selling price of the table is Rs.23800 after a discount of 30%. If the cost price is 80% of the marked price, then what is the cost price? (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling Price (SP) = ₹23,800
Discount = 30%
Cost Price (CP) = 80% of Marked Price (MP)
Formula used:
SP = MP × (1 - Discount/100)
CP = 80% of MP
Calculation:
SP = MP × (1 - Discount/100)
⇒ 23,800 = MP × (1 - 30/100)
⇒ 23,800 = MP × 0.7
⇒ MP = 23,800 ÷ 0.7
⇒ MP = 34,000
CP = 80% of MP
⇒ CP = 80/100 × 34,000
⇒ CP = 0.8 × 34,000
⇒ CP = 27,200
∴ The correct answer is option (4).
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