Anu sold an article for ₹480 at some profit. Had she sold it for ₹400, then there would have been a loss equal to onethird of the initial profit. What was the cost price of the article ?
Let the profit be x when Anu sold at Rs.480.
Loss of Anu when she sell an article on Rs. 400 = x/3
Difference of selling price = 480 - 400
x + x/3 = 80
4x/3 = 80
x = Rs. 60
Cost price of an article = 480 - 60 = Rs.420
$$\therefore$$ The correct answer is option D.
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