An article is sold for Rs. 420 after giving 30 percent discount on the marked price. Had the discount not been given, then there would have been a profit of 50 percent. What is the cost price of the article?
Show answer & explanation
Correct answer: A
Explanation
SP after discount = 420
70% of MP = 420
MP = 420 × 100 / 70 = 600
SP without discount = 600
At 50% profit –
SP = 150% of CP
CP = 600 × 100 / 150
= ₹400