Question

By selling a table, Aditya earned a profit equal to one fourth of the price he bought it. If he sold it for Rs. $375$, what was the cost price?

• A. Rs. $295.75$
• B. Rs. $300$
• C. Rs. $326.50$
• D. Rs. $330$

Answer 1

The correct option is B Rs. $300$

Given, $P=\frac{\text{CP}}{4}$

But we know $P=\text{SP}-\text{CP}$

So, $\frac{\text{CP}}{4}=\text{SP}-\text{CP}$

$\Rightarrow \frac{5\text{CP}}{4}=375$

$\Rightarrow \text{CP}=\frac{4\times 375}{5}$

$\Rightarrow \text{CP}=300$

So, option B is correct.