If the cost price of an article is Rs x. It is marked up by 100%. It is sold at Rs 1,200 after giving 20% discount. What is value of x?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 750
CP of an article = x
MP of an article = Rs 2x
Discount = 20%
SP of an article = 2x × 80/100
1200 = 2x × 80/100
x = 750