Anu allows a 20% discount on the marked price of an article and still makes a profit of 25%. If he gains Rs. 44.80 on the sale of the article, then the cost price of the article is?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer is option 1 i.e. Rs. 179.20
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Concept |
Understanding |
Application |
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SP = CP [1 + Gain/100] |
Let CP of the article = 100x |
Since profit = 25% SP = 100x × 1.25 = 125x According to the question ⇒ 125x – 100x = 44.80 ⇒ 25x = 44.80 ⇒ 100x = 44.80 × 4 = 179.20 Hence, CP = Rs. 179.20 |