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?

Question

Accepted Answer

1. Supplier's marked price = $1+60\%=1.6$, so supplier price = $1.6P$.

2. Retailer gets 25% off: retailer cost = $1.6P	imes0.75=1.2P$ (info only).

3. Retail price before customer discount = $2.8P$. After 15% off customer pays $2.8P	imes0.85=2.38P$.

4. Set $2.38P=19040$. So $P=19040/2.38=8000$.

5. Thus the original cost is **₹8,000**, choice **(b)**.

FINAL_ANSWER: b

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Answer

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