Raghu sold an article for ₹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?
Answer & explanation
Correct answer: option 4
SP of the article = 180
MP of the article = 180 × \(\frac{100}{80}\) = 225
CP of the article = 225 × \(\frac{100}{120}\) = 187.5