Mohit sold an article for $15000. 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 option.
A) 12500	B) 25000	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 = 15000 - 10/100(15000) = 15000 - 1500= 
<gadget id="calculator">15000 - 1500</gadget>
<output>13_500</output>
$13500=&gt; 1.08x = 13500   =&gt; x = 12500   12500
<result>A</result>
Mohit sold an article for $15000. 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?