The marked price of an article is Rs. 6000. It is sold at a discount of 30 percent. The profit percentage is 50 percent. What is the cost price of the article?
Show answer & explanation
Correct answer: B
Explanation
Selling price = 6000 × 70/100= ₹4,200
Cost price at 50% profit = 4200 / 1.5= ₹2,800