Question : An article is marked at Rs. 450. If it is sold at a discount of 20%, then the selling price becomes 1.5 times its cost price. What is the cost price?
Option 1: 360
Option 2: 240
Option 3: 330
Option 4: 270
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Correct Answer: 240
Solution :
Given: An article is Marked at Rs. $450$. If it is sold at a discount of $20$%, then the selling price becomes $1.5$ times its cost price.
The marked price is Rs. $450$ and the discount is $20$%.
So, the selling price = $(450×\frac{80}{100})$ = Rs. $360$
Since the selling price is 1.5 times its cost price,
So, the cost price = $\frac{360}{1.5}=360×\frac{10}{15}$ = Rs. $240$
Hence, the correct answer is 240.
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