Question

Mohan sells an article for ₹450 at a gain of 20%. Find its cost price.

• A. ₹ 375
• B. ₹ 350
• C. ₹ 300
• D. ₹ 325

Answer 1

The correct option is A

₹ 375

S.P = ₹450

profit % = 20%

$\text{C.P}=\frac{100}{100+profit\%}\times S.P$

= $\frac{100}{120}\times 450$

= ₹375