Suman sold an article for 882 after allowing 16% discount on its marked price. Had she not allowed any discount, she would have gained 20% on the cost price. What is the cost price ofthe article?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 875.
The selling price of the article = Rs. 882
Case1 -
Selling price = Makred price - discount
Let the marked price of the article be x
Discount = 16%
S.P. = x - 16% of x
882 = x - 0.16x
0.84x = 882
x = 88200/84
Case 2 -
S.P. = M.P.
1.2(Cost price) = S.P.
C.P. = S.P./1.2
C.P. = 88200/84(1.2) = Rs. 875