Mathematics · Profit and Loss
A merchant marked the price of an article by increasing its production cost by 80%. Now he allows a discount of Rs. 160 and gets a profit of Rs. 200 after selling it. What is the production cost of the article?
- 1Rs. 450✓
- 2Rs. 575
- 3Rs. 360
- 4Rs. 320
Correct answer
Rs. 450
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