RRB NTPC · Question 76
If a person has sold an article for Rs. 1,300 and made a profit of 30% find the cost price of the article. A. Rs. 1,000 B. Rs. 1,200 C. Rs. 1,250 D. Rs. 1,100
Show answer & explanation
Answer: (A) A
Explanation
SP = CP × (100 + profit%)/100, so 1300 = CP × 130/100. CP = 1300 × 100/130 = Rs 1,000.