A manufacturer marked an item at ₹75 and sold it, allowing a 14% discount. If his profit was 29%, then the cost price (in ₹ ) of the item was:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 50.
SP = (86/100) × 75 = 64.50
CP = (100/129) × 64.50 = 50
The cost price of the item was ₹50.