Surbhi sold an article for Rs 176 after giving 12% discount on its marked price. Had she not given any discount; she would have earned a profit of 25%. What is the cost price (in Rs) of the article?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 160
Marked Price =
Cost price : Marked Price = (100 - Discount%) : (100+ Profit%)
MP = 176/[(100 – 12)/100]
= Rs. 200
New discount = 0%
Cost price : 200 = (100 – 0) : (100 + 25)
⇒ 200 × 100/125 = Rs. 160