The marked price of an article in ₹2720. If a shopkeeper sold the article at 15% loss after giving 25% discount, then the cost price (in ₹) of the article is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e 2400.
Discount offered = 25%
Selling price = 2720 × 75/100 = Rs 2040
There is a loss of 15% so,
Cost price of an article = 2040 × 100/85 = Rs 2400