A dealer sells an article at ₹850 after offering a cash discount of 15% on its marked price. Without discount, he would have earned a profit of 25%. What is the cost price of the article (in ₹)?
- A800
- B950
- C900
- D1000
Solution & Step-by-step Explanation
Let the marked price of the article be .The selling price after a 15% discount is ₹850.
If no discount is given, the selling price becomes equal to the marked price ().In this case, the profit earned is 25%. Let the cost price be .
Therefore, the cost price of the article is ₹800.
If no discount is given, the selling price becomes equal to the marked price ().In this case, the profit earned is 25%. Let the cost price be .
Therefore, the cost price of the article is ₹800.