An article is sold for Rs. 360 after allowing discount of 20% on its marked price. Had the discount not been allowed, the profit would have been 50%. The cost price of the article is:
Show answer & explanation
Correct answer: B
Explanation
Correct Answer is option 2 i.e. Rs. 300
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Understanding |
Application |
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SP = Rs. 360 |
MP when 20% discount is given = 360/0.8 = 450 If no discount is given, profit is 50% Then, CP = 450/1.5 = Rs. 300 |