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Q.

S.P. = ₹ 495 and discount = 1% then MP = ____.


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Detailed Solution

S.P. = ₹ 495 and discount = 1% then MP = ₹ 499.95.
Given, S.P. = ₹ 495 and discount = 1%.
MP = SP + discount
CP = 495 + 1% of 495
CP = 495 + 1100(495)
= 495 + 4.95
= 499.95
Hence, the cost price is ₹ 499.95.
So the correct answer is ₹ 499.95.
 
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