After allowing a discount of 15% on the marked price of an article, it was sold for ₹425. Had the discount not been given, the profit would have been 25%. What was the cost price (in ₹) of the article?
Answer & explanation
Correct answer: option 4
Selling price of the article = 425
Discount = 15%
Marked price = 425 × \(\frac{100}{85}\) = 500
Profit is = 25%
So cost price = 500 × \(\frac{100}{125}\) = 400