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A trader fixed the price of an article in such a way that by giving a rebate of 10% on the price fixed, he made a profit of 15%.

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A trader fixed the price of an article in such a way that by giving a rebate of 10% on the price fixed, he made a profit of 15%. If the cost of the article is Rs. 72, the price fixed on it, is  

(a) Rs. 82.80 (b) Rs. 90.00 (c) Rs. 92.00 (d) Rs. 97.80

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(c) Selling price = Cost price (1 + % Gain)

= Marked price (1 – % Discount)

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