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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