The marked price of an article is ₹240. A shopkeeper sells it by allowing 18% discount on its marked price and still gains 23%, What is the cost price (in ₹) of the article?
Answer & explanation
Correct answer: option 3
CP MP
(100 - D%) (100 + P%)
(100 - 18%) (100 + 23%)
(82) (123)
(2) : (3)
3x = 240
2x = CP = 160