An article was sold for Rs. 4,000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 3,000
Selling Price of article = Rs 4000
After giving 10% discount, selling price = 4000 × 0.9 = Rs 3600
Let the cost price of the article is x.
So, according to the question,
⇒ 1.2x = 3600
⇒ x = 3600/1.2 = Rs 3000