A trader sells n item for ₹ 805 after offering a discount of 12.5% on it marked price. Had he not offered the discount, he would have earned a profit of 15%. What is the cost (in ₹) of the item?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 800.
Given:
A trader sells n item for ₹ 805 after offering a discount of 12.5% on it marked price
Calculations:
Marked price = (805/87.5) × 100 = 920
Now the dealer sells the article at 920 and with a profit of 15%
Cost price = (920/115) × 100 = 800