After allowing a discount of 10% on the marked price of an article, it is sold for Rs. 360. Had the discount not been given, the profit would have been 25%. What is the cost price of the article?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer is option 1 i.e. 320
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Concept |
Understanding |
Application |
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SP + Discount = MP |
SP = 360, discount = 10%
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MP = 360/0.9 = 400 Had the discount not been given, the profit would have been 25% CP = 400/1.25 = 320
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