At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 40% on the cost price?  Choose the correct answer
A) 62.5 B) 69.5 C) 67.5 D) 62.5 E) 70
CP = 47.50   SP = 47.50*(140/100)= 
<gadget id="calculator">47.50*(140/100)</gadget>
<output>66.5</output>
66.5   MP*(95/100)= 66.5   MP = 70   Answer:70
<result>E</result>
At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 40% on the cost price?