Question Details

A supplier buys items at ₹P with a 60% markup. The retailer gets a 25% discount and sells at ₹2.8P . The customer pays ₹19,040 after a 15% discount. What is the original cost P per item?

Options

A

₹10,000

B

₹8,000

C

₹14,000

D

₹16,000

Show Answer

Correct Answer :

Option B

₹8,000

Solution :

The correct option is ₹8,000.


Step-by-Step Explanation:


Step 1: Understand the customer's purchase

Let the marked price set by the retailer be Mr.

The customer gets a 15% discount on the retailer's marked price and pays ₹19,040.

Selling price for the retailer = Mr×(1-0.15)=0.85×Mr

Given that the customer pays ₹19,040:

0.85×Mr=19040

Mr=190400.85=22400

So, the retailer sells at a marked price of ₹22,400.


Step 2: Relate the retailer's marked price to P

The question states that the retailer sells at ₹2.8P (which refers to the retailer's marked price before the customer discount):

2.8P=22400

P=224002.8=8000


Conclusion:

The original cost P per item is ₹8,000.

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