Piyush marks of the price of his article 30 percent more than its cost price. If he sells the article for Rs. 5720 after allowing a discount of 20 percent, then what will be the cost price of the article ?
Answer & explanation
Correct answer: option 4
Piyush marks the price more than the cost price by = 30%
Discount = 20%
Selling price of the article = Rs. 5720
MP of the article = 5720 × \(\frac{100}{80}\)
∴ Cost price of the article = 5720 × \(\frac{100}{80}\) × \(\frac{100}{130}\) = Rs. 5500