The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs 540 after giving 25% discount. What is the value of x (in Rs)?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 240
Given,
CP = x
MP= 3x
Discount = 25%
MP - Discount = 540
(3/4) MP = 540
MP = (540 × 4)/3 = 720
3x = 720
x = 240