A shopkeeper sells an item for Rs. 492 after allowing 18% discount on its marked price. Had he NOT allowed any discount, be would have earned a profit of 20% on the cost price. What is the cost price of the item?
A. Rs. 500
B. Rs. 640
C. Rs. 540
D. Rs. 600
Answer: Option A
Solution (By Examveda Team)
This Question Belongs to Arithmetic Ability >> True Discount
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