Question 58
The marked price of an article is ₹180. Renu sells it after 20% discount on its marked price and still gains 25%, The cost price (in ₹) of the article is:
Solution
Marked price of an article is ₹180.
Discount = 20%
Selling price of the article = $$\frac{80}{100}\times$$180 = ₹144
Let the cost price of the article = C
Profit = 25%
Selling price of the article = $$\frac{125}{100}$$C
$$\frac{125}{100}$$C = 144
C = $$\frac{576}{5}$$
C = 115.2
Cost price of the article = ₹115.20
Hence, the correct answer is Option C
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