Multiple choice

Mr. Jack sold an air conditioner at a profit of 20% at Rs. 32,000. What is the cost price of the air conditioner?

  1. Rs. 31,000.00

  2. Rs. 26,666.67

  3. Rs. 31,936.12

  4. Rs. 29,000.00

  5. Rs. 30,000.00
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit = 20%, so Selling Price = 1.2 * Cost Price. 32000 = 1.2 * CP. CP = 32000 / 1.2 = 26666.666...

AI explanation

Using the cost price formula, Cost Price equals Selling Price divided by (1 plus Profit Percentage divided by 100). We calculate 32000 divided by 1.20, which equals 26666.67. The cost price of the air conditioner was Rs. 26,666.67.

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