What will be the Cost Price of an Article? If

By selling an article for Rs.247.50, the gain is 12.5%. What is the cost price of the article?

  1. Rs.210
  2. Rs.225
  3. Rs.230
  4. Rs.220
Harsh Vardhan Professor Asked on 25th July 2015 in Maths.
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1 Answer(s)

Answer: (4) Rs.220
Explanation:-
The selling price of an article = Rs.247.50
Profit = 12.5 % =  25/%
Then,
The cost price of an article = 247.50 x 2 x 100/225
= Rs.220
Hence, the answer is (4) Rs.220

Anurag Mishra Professor Answered on 25th July 2015.
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