A product is sold at a 20% discount on its marked price. This transaction results in a profit of 10% on its cost price. If the profit earned is ₹300, what would have been the selling price if the product was sold at a 30% discount on its marked price?
₹2887.50
Step 1 – Find CP:
Profit = 10% of CP = ₹300 \(\implies CP = ₹3000\)
Step 2 – Find SP at 20% discount:
\(SP = CP \times 1.10 = 3000 \times 1.10 = ₹3300\)
Step 3 – Find Marked Price:
\(SP = MP \times 0.80 \implies MP = \dfrac{{3300}}{{0.80}} = ₹4125\)
Step 4 – SP at 30% discount:
\(SP = 4125 \times 0.70 = ₹2887.50\)
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