An article is marked at Rs. 950. If it is sold at a discount of 20%, then the selling price becomes 2.5 times of its cost price. What is the cost price?

Correct option is B

Given:

Marked price of the article = Rs. 950

Discount = 20%

The selling price becomes 2.5 times the cost price.

Formula Used:

Selling price after discount = Marked Price × $$\left(1 - \frac{\text{Discount\%}}{100}\right)$$​​

Solution:

Selling Price = $$950 \times \left( 1 - \frac{20}{100} \right)$$​​

= 950 × 0.8 = 760 

Now, 

760 = 2.5 × Cost Price

Cost Price = $$950 \times \left( 1 - \frac{20}{100} \right)$$​ = 304

Thus, The cost price of the article is Rs. 304