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?
Correct Answer :
₹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 .
The customer gets a 15% discount on the retailer's marked price and pays ₹19,040.
Selling price for the retailer =
Given that the customer pays ₹19,040:
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):
Conclusion:
The original cost P per item is ₹8,000.
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