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A furniture dealer marks a table 50% above cost and offers a discount of 20%, plus an additional instant discount of Rs. 400 on the final selling price. If he still makes a 12% profit, what is the cost price?

1. Rs. 4500
2. Rs. 5000
3. Rs. 5500
4. Rs. 6000

Correct answer: Rs. 5000

Solution

If the cost price is C, the marked price is 1.5C. After 20% discount, the price becomes 1.2C, and after an additional Rs. 400 discount, the selling price is 1.2C - 400. Since profit is 12%, this equals 1.12C. Solving gives C = 5000.

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