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Multiple choice

By selling a pen at a profit of 60% a man got Rs 38 more than one third of its cost price. What is the cost price of pen?

  1. Rs. 30

  2. Rs. 45

  3. Rs. 60

  4. Rs. 70

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Selling at 60% profit gives SP = 1.6 × CP. This is Rs. 38 more than CP/3. So 1.6CP - CP/3 = 38, which gives (4.8CP - CP)/3 = 38, so CP = Rs. 30.

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