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A pen is marked 50% above cost price. After a discount of ₹100, the profit is ₹100. What is the selling price?

1. ₹400
2. ₹450
3. ₹500
4. ₹550

Correct answer: ₹500

Solution

Let the cost price be CP. Since profit is ₹100, selling price SP = CP + 100. Also, the marked price is 50% above CP, and after a discount of ₹100, the final SP is obtained. Solving gives CP = ₹400, so SP = ₹500.

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