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
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
