Question

A trader adds 40% of the price he pays for his goods to give the selling price. He later reduces the price of the goods, in a sale, by 25%. Find the price paid by the trader for an article whose sale price is Rs. 1,575.

• A. Rs. $1,500$
• B. Rs. $1,700$
• C. Rs. $1,900$
• D. Rs. $2,100$

Answer 1

Answer: (A)

Rs. $1,500$

Given original cost price be $=Rsx$
After marking up the goods at $40$ %, the price becomes $1.40\times x=Rs1.4x$
After $25$ % discount, the selling price becomes $0.75$ of $Rs1.4x=0.75\times 1.4x=Rs1.05x$
Given, $S.P.=1,575$
$=>Rs1.05x=Rs1,575$
$=>x=Rs1,500$
So, C.P $=Rs1,500$