A fan's cost price is unknown. A retailer marks it up so that its marked price is ₹5,000. They offer a 20% discount on this marked price. Even after the discount, they make a profit of 25%. What was the original cost price of the fan for the retailer?
Show answer & explanation
Correct answer: C
Explanation
Marked Price (MP) = ₹5000
Discount = 20%
Profit = 25%
SP = 5000 × 0.80 = ₹4000
4000 = 1.25 × CP
CP = 4000 / 1.25 = ₹3200