Mohit sold an article for $12000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article?	Answers:
A) 16000	B) 25000	C) 10000	D) 18000	E) 17000
Let the CP be $x.   Had he offered 10% discount, profit = 8%   Profit = 8/100 x and hence his SP = x + 8/100 x = $1.08x = 12000 - 10/100(12000) = 12000 - 1200= 
<gadget id="calculator">12000 - 1200</gadget>
<output>10_800</output>
$10800=&gt; 1.08x = 10800   =&gt; x = 10000   10000
<result>C</result>
Mohit sold an article for $12000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article?