Ramesh marks his article at Rs 6000 and after allowing a discount of 20%, he still earns 60% profit. What is the cost price (in Rs) of the article?
Let the cost price = Rs. $$100x$$
=> Selling price = $$100x+\frac{60}{100}\times100x=Rs.$$ $$160x$$ ----------------(i)
Also, Marked price = Rs. 6000 and discount % = 20%
=> Selling price = $$6000-\frac{20}{100}\times6000=6000-1200=Rs.$$ $$4800$$ ------------(ii)
From equations (i) and (ii), we get :
=> $$160x=4800$$
=> $$x=\frac{4800}{160}=30$$
$$\therefore$$ Cost price = $$100\times30=Rs.$$ $$3000$$
=> Ans - (C)
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