Multiple choice

What is the cost price [CP] of an article, if its selling price [SP] is Rs. 98 and profit made is Rs. 16?

  1. Rs. 80

  2. Rs. 82

  3. Rs. 86

  4. Rs. 88
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling Price = Cost Price + Profit. Therefore, Cost Price = Selling Price - Profit. CP = 98 - 16 = 82.

AI explanation

Using the formula Cost Price equals Selling Price minus Profit, you can directly subtract the profit from the selling price. The calculation is Rs. 98 minus Rs. 16. This gives a cost price of Rs. 82.

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