Surbhi sold an article for ₹ 176 after giving 12%discount on its marked price. Had she not given any discount; she would have earned a profit of 25%, What is the cost price (in ₹) of the article?
Answer & explanation
Correct answer: option 3
Selling price = Rs. 176
Discount = 12%
Gain = 25%
Marked price = 176 × \(\frac{100}{88}\)
= Rs. 200
According to question
New discount = 0%
Cost price : 200 × \(\frac{100}{125}\)
⇒ Rs. 160