The marked price of an article is ₹240. A shopkeeper sells it by allowing 18% discount on its marked price and still gains 23%. What is the cost price (in ₹) of the article?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3. i.e 160.
Here the marked price = ₹240
Discount offer = 18%
The selling price of the article becomes = 240 × 82/100 = ₹196.8
Gain% = 23%
Cost price of the article = = ₹160.