Question

A man sells a mare for Rs. $1085$ making a profit of $8\frac{1}{2}\%$. The cost of the mare is __________.

• A. Rs. $982$
• B. Rs. $999.50$
• C. Rs. $927.75$
• D. Rs. $1000$

Answer 1

Answer: (D)

Rs. $1000$

Let cost price of the mare be $x$

Selling Price $=$ Rs. $1085$

Profit$\%=8\frac{1}{2}\%=\frac{17}{2}\%$

$\Rightarrow \frac{1085-x}{x}\times 100=\frac{17}{2}$

Solving this,

We get $x=$ Rs. $1000$