Multiple choice

If an article is sold for Rs. $1210$ making $10$% profit, find its cost price.

  1. Rs. $1000$
  2. Rs. $1100$
  3. Rs. $1200$
  4. Rs. $1220$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling price = 1210, Profit = 10%. CP * 1.10 = 1210. CP = 1210 / 1.10 = 1100.

AI explanation

Using the cost price formula, cost price equals selling price multiplied by 100 divided by (100 + profit percentage). Substituting the given values gives 1210 * 100 / (100 + 10). Simplifying this yields 1210 * 100 / 110, resulting in a cost price of Rs 1100.

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