Raghu sold an article for Rs. 180 after allowing a 20% discount on its marked price. Had be not allowed any discount, be would have gained 20%. What is the cost price of the article?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 187.5
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Understanding |
Application |
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Given: Selling price = Rs. 180 Discount = 20% |
So, Marked price = 180/0.8 = Rs. 225 |
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If discount = 0% Profit = 20% |
So, Cost price = 225/1.2 = Rs. 187.5 |