Question
Download Solution PDFA shopkeeper charges his customer 23% more than the cost price. If a customer paid ₹30,135 for a dining table, then find its original price (in ₹).
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (C.P.) = ?
Selling Price (S.P.) = ₹30,135
Markup Percentage = 23%
Formula used:
S.P. = C.P. + (Markup Percentage × C.P.)
S.P. = C.P. × (1 + Markup Percentage / 100)
Calculation:
30,135 = C.P. × (1 + 23 / 100)
⇒ 30,135 = C.P. × 1.23
⇒ C.P. = 30,135 / 1.23
⇒ C.P. = 24,500
∴ The correct answer is option 2.
Last updated on Jun 3, 2025
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