Question : The cost price of an article is Rs. $x$. It is marked up by 200%. It is sold at Rs. 540 after giving a 25% discount. What is the value of $x$ (in Rs.)?
Option 1: 360
Option 2: 250
Option 3: 300
Option 4: 240
Correct Answer: 240
Solution :
The cost price of an article is Rs. $x$.
Since the article is marked up by 200%, the marked price = Rs. $3x$
After giving a 25% discount, it is sold at Rs. 540.
So, $3x\times 0.75 = 540$
⇒ $x = 240$
So, the cost price of the article = Rs. 240.
Hence, the correct answer is 240.
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