Question

An item when sold for Rs. $1169$ earned $40\%$ profit on the cost price. What is the cost price?

• A. Rs. $835$
• B. Rs. $701.40$
• C. Rs. $800$
• D. Rs. $840$

Answer 1

The correct option is A Rs. $835$

Let the C.P., of the item $=$ Rs. $x$.

Then, $x+40\%$ of $x=116$
$\Rightarrow x+\frac{2}{5}x=1169$

$\Rightarrow \frac{7x}{5}=1169$
$\Rightarrow x+\frac{1169\times 5}{7}=$ Rs. $853$