Multiple choice

The list price of an article is Rs. 800 and is available at discount of 15 percent. Find the cost price of the article, if a profit of $13\displaystyle \frac {1}{3}\%$ is made on selling it.

  1. Rs. $200$
  2. Rs. $350$
  3. Rs. $500$
  4. Rs. $600$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

List price = 800. Discount 15% = 120. Selling price = 680. Profit = 40/3%. CP = SP / (1 + Profit%) = 680 / (1 + 40/300) = 680 / (340/300) = 680 * 300 / 340 = 600.

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