A dealer is selling an article at a discount of 5% on the Marked price. If the Marked price is 12% above the cost price and the article was sold for Rs. 532 then the cost price is (in Rs.)
Show answer & explanation
Correct answer: A
Explanation
SP of article = 532
MP of article = 532/95 × 100 = 560
CP of article= 560/112 × 100 = Rs 500