Mohit sold an article for $27000. 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?	Choose the correct choice from the following:	A) 16000	B) 22500	C) 15000	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 = 27000 - 10/100(27000) = 27000 - 2700 = $22500   =&gt; 1.08x = 22500   =&gt; x = 22500   22500
<result>B</result>
Mohit sold an article for $27000. 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?