Multiple choice

On selling a product after allowing 10% discount, the profit is Rs. 70. What was the cost price?

  1. Rs. 700

  2. Rs. 350

  3. Rs. 200

  4. Rs. 400

  5. Cannot be determined
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

We know profit after 10% discount is Rs. 70, but we have no information about the marked price or selling price. Without knowing either the marked price or the selling price, we cannot determine the cost price. Multiple cost prices could satisfy this condition.

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