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.
Add Comment
  • 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.
    Add Comment

    Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.