A merchant marked the price of an article by increasing its productio…

Question

A merchant marked the price of an article by increasing its production cost by 40%. Now he allows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is = ?

Accepted Answer

Option C. Rs. 400. Answer & Solution Answer: Option C Solution: $$ gathered CP \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, SP\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, MP \ 100\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,112\,\, [ - 20\% ]\,\,\,\,140 \ gathered $$ & Profit = 112 - 100 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,…