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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?
- ₹ 10,000
- ₹ 8,000
- ₹ 14,000
- ₹ 16,000
Correct answer: ₹ 8,000
Solution
If the customer pays ₹19,040 after a 15% discount, the marked price is ₹22,400. The retailer sells at ₹2.8P, so $2.8P=22400$, giving $P=8000$.
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