Profit & Loss Mcqs

Q.  By selling an article at Rs.600, a profit of 25% is made. Find its cost price?

a. Rs.350
b. Rs.400
c. Rs.573
d. Rs.480


ANSWER: See Answer
 
SP = 600
CP = (SP)*[100/(100+P)]
= 600 * [100/(100+25)]
= 600 * [100/125] = Rs.480
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