Multiple choice

By selling an article for $Rs.\ 460$, a trader gets $15\%$ profit. What is the cost price of the article.

  1. $Rs.\ 410$
  2. $Rs.\ 400$
  3. $Rs.\ 391$
  4. $Rs.\ 430$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling price = Cost price * (1 + profit_percentage). 460 = CP * 1.15. CP = 460 / 1.15 = 400.

AI explanation

Use the formula for cost price when the selling price and profit percentage are known: cost price equals selling price divided by 1 plus the profit percentage divided by 100. Substituting the given values gives 460 divided by 1.15. This calculation results in a cost price of Rs. 400.

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