A shopkeeper marks a table at 40% above the cost price and gives a discount of 25%. If he still makes a profit of ₹450, what is the cost price (in ₹) of the table?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 9,000 .
Let cost price = x
Marked price = x + 40% of x = 1.4x
Selling price after 25% discount = 75% of 1.4x = 1.05x
Profit = Selling price – Cost price = 1.05x – x = 0.05x = 450
0.05x = 450
x = 450 ÷ 0.05 = 9000