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A company instead of raising the mark pr...

A company instead of raising the mark price by 20%, discounted the cost price by 20% while stitching the price tag on its product. Further the company offers a discount of 6.25% to its costomer. In this process company incurs a loss of Rs 37.5 on a single article. What was the selling price of that article.

A

427.5

B

112.5

C

365.5

D

none of these

Text Solution

Verified by Experts

The correct Answer is:
B
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