A dealer marked the price of an item 20 above cost price He allowed two successive discounts of 20 a......

A dealer marked the price of an item 20% above cost price. He allowed two successive discounts of 20% and 25% to a customer. As a result he incurred a loss of Rs.1400. At what price (in rupees) did he sell the item to the customer?

CP = 100 
MP = 120 
120*80/100 = 96; 
96*75/100 = 72 
Loss = 100 – 72 = 28% 
CP = 100/28*1400 = 5000 
SP = 5000*72/100 = 3600

By: MIRZA SADDAM HUSSAIN