A dealer sells an article at ₹850 after offering a cash discount of 15% on its marked price. Without a discount, he would have earned a profit of 25%. What is the cost price of the article (in ₹)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 800.
SP = 850
MP = (100/85) × 850 = 1000
CP = (100/125) × 1000 = 800