Multiple choice

An item when sold for Rs. $1169$ earned $40\%$ profit on the cost price. What is the cost price?

  1. Rs. $835$
  2. Rs. $701.40$
  3. Rs. $800$
  4. Rs. $840$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Since the selling price of Rs. 1169 represents a 40% profit on the cost price, we can write the relationship as 1.40 * CP = 1169. Solving for CP gives CP = 1169 / 1.40 = Rs. 835.

AI explanation

Using the cost price formula given the profit percentage, Cost Price = Selling Price / (1 + Profit Percentage). Substitute the given values to get 1169 / (1 + 0.40) = 1169 / 1.40. Dividing 1169 by 1.4 gives Rs. 835.

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