A shopkeeper sold an article for ₹3,750. If he had charged 24% less, even then he would have earned a profit of 14%. What is the original cost of the article?
A.₹3,289
B.₹2,717
C.₹2,850
D.₹2,500✓ Correct
Explanation
Reduced selling price = 3750 × 0.76 = ₹2850. This gives 14% profit, so CP = 2850 / 1.14 = ₹2500. The original cost of the article is ₹2,500.
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