Rajesh marks his goods 30% above the cost price but allows a 12% discount for cash payment. If he sells the goods for ₹3,500, find his cost price (up to one place of decimal).
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e.₹3,059.4
Let Cost Price = ₹x
Marked Price = x + 30%x = 1.3x
Selling Price after 12% discount =
3500 = 1.444x
x = 3500/1.444 = 3059.4 Rs