Concept:Two successive discounts are applied one after another on the marked price, so the final selling price is a percentage of the marked price. When no discount is given, the selling price equals the marked price, and the profit percentage links it to the cost price.
Explanation:Let the marked price be
x.
After applying discounts of 70% and 75%, the selling price becomes:
430.5=x×(1−0.70)×(1−0.75)430.5=x×0.30×0.25430.5=0.075xx=0.075430.5=5740So, the marked price is ₹5740.
If no discount is given, the selling price equals the marked price, which is ₹5740.
This selling price gives a profit of 40% over the cost price.
Therefore, cost price is:
CP=1+100405740=1.45740=4100Answer:The cost price of the item is ₹4100, which matches option B.