A departmental store marked up the price of an electronic gadget by 60% above its cost price. During a clearance sale, it offered two successive discounts of 25% and 10%. If the final selling price was Rs. 2,430, what was the cost price of the gadget?
Rs. 2,250
Marked price = \(1.6 \times CP\). After discounts of 25% and 10%, selling price = \(MP \times 0.75 \times 0.9 = 1.6 \times 0.675 \times CP = 1.08 \times CP\). Since SP = Rs. 2,430, \(CP = 2430/1.08 = Rs. 2,250\).
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