As part of Diwali offer, a jeweller allows a discount of 15%. Even after giving the discount, he makes a profit of 6.25%. Rani bought a gold chain which was marked at ₹5,000 from this jeweller. Find the cost price of the chain for the jeweller.
Answer & explanation
Correct answer: option 4
CP MP
(100-15) (100+6.25)
85 106.25
⇓ ⇓
× 47.06 × 47.06
⇓ ⇓
4000 5000 (Given)