Question:
The marked price of a wedding dress is 2.5 times its cost price. A discount of 20% is offered on the marked price, and the shopkeeper still makes a profit of ₹2,400. Find the cost price of the wedding dress.
Solution:
- Let the cost price (CP) of the wedding dress be ₹x.
The marked price (MP) is 2.5 times the cost price:MP=2.5xMP = 2.5x
- After a 20% discount, the selling price (SP) is:
SP=MP−(20% of MP)SP=MP×(1−0.2)SP=0.8×MPSP=0.8×2.5x=2xSP = MP – (20\% \text{ of } MP) SP = MP \times (1 – 0.2) SP = 0.8 \times MP SP = 0.8 \times 2.5x = 2x
- Given that the shopkeeper makes a profit of ₹2,400:
Profit is the difference between the selling price and cost price:SP=CP+Profit2x=x+2400SP = CP + \text{Profit} 2x = x + 2400
- Solve for xx:
x=2400x = 2400
Answer:
The cost price of the wedding dress is ₹2,400.