Question

What is the cost price of an article which is sold for INR 1566 with 8% profit ?

• A. INR 1420
• B. INR 1390
• C. INR 1450
• D. INR 1400

Answer 1

Answer:

C. INR 1450

$Selling Price (SP) = ₹1566$

$Profit = 8$

$[ \text{SP} = \text{CP} \times \left(1 + \frac{8}{100}\right) = \text{CP} \times 1.08 ] [ \text{CP} = \frac{1566}{1.08} = 1450 ]$

$Cost Price = ₹1450$