Multiple choice

The difference between the cost price and selling price of a pair of shoes is Rs. 1,200 . If the profit is 15%, the selling price is:

  1. Rs. 8,200

  2. Rs. 9,200

  3. Rs. 8,000

  4. Rs. 9,000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Use the profit formula. If CP is x, then SP = x + 1200. Since profit is 15%, we have 1200/x = 0.15, giving CP = Rs. 8,000. Therefore SP = 8000 + 1200 = Rs. 9,200. Option A (Rs. 8,200) would require CP = 7000, giving profit percentage of 1200/7000 ≈ 17.1%, not 15%.

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