After offering a discount of 20% on an article, a trader earned a profit of 20%.If the cost price is ₹300, then what will be the selling price of the article after offering a discount of 25%?
Answer & explanation
Correct answer: option 4
CP MP
100 - D% 100 + P%
100 - 20% 100 + 20%
80 120
CP = 80x = 300
SP after 25% discount on MP = 74% of 120 = 90
So, 80x = 300
90x = 337.5