Question : Raghu sold an article for INR 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?
Option 1: INR 187.50
Option 2: INR 192.80
Option 3: INR 188.60
Option 4: INR 190.40
Answer (1)
16th Jan, 2024
Correct Answer: INR 187.50
Solution :
Given: After allowing a 20% discount selling price is INR 180.
So, 180 = Marked Price – 20% of the Marked Price = 80% of the Marked Price
⇒ Marked Price =
At no discount 20% profit.
So, 225 = 120% of the cost price
Hence the correct answer is INR 187.5.
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