After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is?
Choices.
A) 2999  B) 1689  C) 5000  D) 2789  E) 2675
Given SP = Rs. 6800   Marked price = [SP(100)]/(100 - d%) = (6800 * 100)/(100 - 15)   = Rs. 8000   If SP = Rs. 8000, profit = 60%   5000P = [SP(100)]/(100 + 60) = (8000 * 100)/160   = Rs.5000   Answer: 5000
<result>C</result>
After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is?