A product is sold at a 20% discount on its marked price. This transaction results in a profit of 10% on its cost price. If the profit earned is ₹300, what would have been the selling price if the product was sold at a 30% discount on its marked price?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. ₹2887.50.
Profit = 300
CP = 300/10 × 100 = 3000
MP = 3300/0.8 = 4125
SP at 30% discount = 4125 × 0.7 = 2887.5