An article is sold at a profit of 20%. If the selling price is increased by ₹100, the profit percentage will double. What was the cost price of the article?

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

  1. (A) ₹250
  2. (B) ₹500
  3. (C) ₹200
  4. (D) ₹400

Verified Answer

Option (B): ₹500


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