An article is sold for 30 percent profit. The value of discount given is equal to the (2/5) of the selling price. What is the cost price of the article?
Show answer & explanation
Correct answer: B
Explanation
Profit = 30%
SP = 130% × CP
CP = SP × 100 / 130 = 10SP / 13
Discount = 2/5 × SP
Marked Price = SP + Discount = SP + 2SP/5 = 7SP/5
CP / Marked Price -
= (10SP/13) ÷ (7SP/5)
= 10/13 × 5/7
= 50/91