A manufacturer marked an article at ₹ 50 and sold it allowing 20% discount. If his profit was 25%, then the cost price of the article was

₹ 40
₹ 35
₹ 32
₹ 30

Correct Answer: ₹ 32

Explanation:

∵ Marked price of an article = ₹ 50
∴ SP of an article = 50 x (100 - 20)/100
= (50 x 80)/100
= ₹ 40
Hence, cost price of an article = (40 x 100)/(100 + 25)
= (40 x 100)/125
= ₹ 32

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