Question

An article was sold for Rs. 600, after allowing 6.25% discount on its marked price. Had the discount not been allowed, the profit would have been 28%. What is the cost price of the article?

• A. Rs. 560
• B. Rs. 520
• C. Rs. 500
• D. Rs. 480

Answer 1

Answer:

C. Rs. 500

Discount = 6.25% = (625/10000) = 1/16 Let the market price be 16x and discount be x SP = 16x - x = 15x 15x = Rs. 600 ⇒ x = 600/15 = Rs. 40 Market price = 16x = 16× 40 = Rs. 640 MP = SP ⇒ CP × (128/100) = 640 CP = Rs. 500