Correct Answer: Option C

Explanation

SP = #4600, profit % = 15

% profit = \(\frac{SP - CP}{CP}\) X 100

\(\frac{15}{100} =  \frac{4600 - CP}{CP}\)

15CP = 460000 - 100CP

15CP + 100CP = 460000

CP = \(\frac{460000}{115}\) = #4000

Cost price of article = #4000

 OR

Profit % = 100 + 15 = 115

CP = \(\frac{4600 \times 100}{115}\) = #4000

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