A shopkeeper allows 28% discount on the marked price of an article and still makes a profit of 20%. If he gains Rs 30.80 on the sale of one article, then what will be the cost price of the article?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs 154.
20% of x = 30.80
100% of x = 30.80 × 5
x = CP = Rs 154