Ramesh marks his article at Rs 6000 and after allowing a discount of 20%, he still earns 60% profit. What is the cost price (in Rs) of the article?
A) 3600 B) 4800 C) 3000 D) 4200
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Answer:
(c)3000
discount=6000×20/100
=1200
Sp=6000-1200
=4800
ATQ
his profit is of 60%
60%=(SP-CP)/CP×100
60=(4800-CP)/CP×100
60/100=4800-CP/CP
6CP/10=4800-CP
6CP/10+CP=4800
16CP/10=4800
16CP=48000
CP=48000/16
CP=3000
hope it will help
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