Question

By selling a ratio for $Rs528$, Mohit gains $10\%$. Find his cost price.

• A. Rs.$680$
• B. Rs.$480$
• C. Rs.$400$
• D. Rs.$280$

Answer 1

The correct option is B Rs.$480$

Selling price $=Rs528$

Profit % $=10$

Cost price $=\frac{100\times SP}{100+Profit}$

$=\frac{100\times 528}{100+10}$

$=\frac{52800}{110}$

$=Rs480$