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Umbrella sold for Rs.360, after allowing a discount of 10% on the market price of the umbrella, . Had the discount not been given, the profit would have been 25%. what is the cost price of the umbrella?

Umbrella sold for Rs.360, after allowing a discount of 10% on the market price of the umbrella, . Had the discount not been given, the profit would have been 25%. what is the cost price of the umbrella? Correct Answer 320

Given:

After allowing a discount of 10% on the market price of an umbrella, it is sold for Rs.360

Calculation:

Selling price of the umbrella = Rs.360

Marked price = 100 × (360/90)

⇒ 400

If no discount given,

Marked price = Selling price

⇒ 400

Profit% = 25%

Cost price = (100/125) × 400

⇒ Rs.320

∴ The cost price of the umbrella is Rs. 320.

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