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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.

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The correct Answer is:
Rs. 150
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A company instead of raising the mark-up by 20% discounted the cost price by 20% while stiching the price tag on its product.Further the company offers a discount of 6.25% to its customer.In this process company incurs a loss of Rs.37.5 on a single article.What is the selling price of that article?

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