A gadget is sold at a 15% discount on its marked price. This sale leads to a profit of 20% on its cost price. If the profit earned is ₹450. What would have been the selling price if the gadget was sold at 25% discount on its marked price?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹2382.35.
CP = 450/0.2 = 2250
SP at 20% profit = 2250 × 1.20 = 2700
MP = 2700/0.85 = 3176.47
SP at 25% discount = 0.75 × 3176.47 = 2382.35