At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?

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At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?

A. Rs.62.50
B. Rs.72.50
C. Rs.75.00
D. Rs.80.00
Explanation:
CP = 47.50
SP = 47.50*(125/100) = 59.375
MP*(95/100) = 59.375
MP = 62.5