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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    Answer: (4) Rs.220
    The selling price of an article = Rs.247.50
    Profit = 12.5 % =  25/%
    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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