Question

A product is sold at a profit of 25% on buying price. If the selling price is reduced by Rs. 12.5, the new profit is 20%. What is the buying price?

Answer 1

Answer:

₹132

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Answer 2

Answer:

Rs 1575

12.5% profit = Rs 140

So the cost price = Rs 1120

S.P. = C.P. + 140 = 1120 + 140 = 1260

As there was 20% discount, Rs 1260 is 80% of the marked price.

the marked price =

1260

80

× 100 = 1575