Question

By selling an article for $Rs.460$, a trader gets $15\%$ profit. What is the cost price of the article.

• A. $Rs.410$
• B. $Rs.400$
• C. $Rs.391$
• D. $Rs.430$

Answer 1

The correct option is B $Rs.400$

Let the cost price of article be p

Given that profit $=15$%

$p+\frac{15}{100}p=460$

$p+\frac{3}{20}p=460$

$\frac{23p}{20}=460$

$p=\frac{460\times 20}{23}$

$=20\times 20$

$=400$

$\therefore$Cost price of article$=400$ Rs./-