Multiple choice

A merchant sold an item for Rs. 1200 to earn a profit over its cost price of a little more than 50% what could the cost price be?

  1. Rs. 55

  2. Rs. 607

  3. Rs. 800

  4. Rs 1809
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit > 50% means SP > 1.5 * CP. 1200 > 1.5 * CP => CP < 1200 / 1.5 = 800. The only option less than 800 is 607 (if we assume "a little more than 50%" means the profit is slightly above 50%). If CP = 800, profit is exactly 50%. The phrasing "a little more than 50%" implies CP must be less than 800.

AI explanation

Calculate the required cost price for exactly a 50% profit by dividing the selling price by 1.5, giving 1200 / 1.5 = Rs. 800. This means the cost price must be less than Rs. 800 to earn slightly more than a 50% profit. Among the provided choices, Rs. 800 is the intended cost price representing the closest baseline.

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