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A shopkeeper allows 28% discount on the marked price of an article and still makes a profit of 20%. If he gains ₹3,080 on the sale of one article, then what is the selling price (in ₹) of the article?

A18,840

B10,884

C18,480

D14,880

Answer:

C. 18,480

Read Explanation:

cost price of the article = P The selling price = (120/100) × P = 6P/5 Then, the profit = 6P/5 - P = P/5 P/5 = 3080 6P/5 = 3080 × 6 = 18480


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