Question

    The marked price of an article is Rs. 22,500, and it is

    sold at a 25% discount. The profit made on selling the article is Rs. 1,950. What is the cost price of the article?
    A Rs.13,990 Correct Answer Incorrect Answer
    B Rs.15,000 Correct Answer Incorrect Answer
    C Rs.14,925 Correct Answer Incorrect Answer
    D Rs.20,500 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Selling price of article = 0.75 × 22,500 = Rs. 16,875

    Therefore, cost price of article = 16,875 - 1,950 = Rs. 14,925

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