Multiple choice

By selling a ratio for $Rs 528$, Mohit gains $10\%$. Find his cost price.

  1. Rs.$680$
  2. Rs.$480$
  3. Rs.$400$
  4. Rs.$280$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling Price = Cost Price * (1 + gain%). 528 = CP * 1.10. CP = 528 / 1.10 = 480.

AI explanation

Using the cost price formula Cost Price = Selling Price * 100 / (100 + Gain Percent), we substitute the given values. The calculation is 528 * 100 / (100 + 10), which equals 52800 / 110. This results in a cost price of Rs 480.

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