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An article was sold for Rs. 2100 at a profit of 25%. What is its cost price?
- ARs. 1,620
- BRs. 1,640
- CRs. 1,660
- DRs. 1,680
Answer not set
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CCommunity
Let the cost price be Rs. x
We know that profit % = (Selling price - cost price)/cost price × 100
⇒ 25 = (2100 - x)/x × 100
⇒ 25x + 100x = 210000
⇒ 125x = 210000
⇒ x = 1680
∴ Cost price x = Rs. 1,680
We know that profit % = (Selling price - cost price)/cost price × 100
⇒ 25 = (2100 - x)/x × 100
⇒ 25x + 100x = 210000
⇒ 125x = 210000
⇒ x = 1680
∴ Cost price x = Rs. 1,680