Multiple choice

A mototrcycle was sold at 20% profit for Rs. 40,000. Its cost price is

  1. $Rs.40000\times \displaystyle\frac{100}{120}$
  2. $Rs.40000\times \displaystyle\frac{120}{100}$
  3. $Rs.40000\times \displaystyle\frac{80}{100}$
  4. $Rs.40000\times \displaystyle\frac{100}{80}$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Selling Price = Cost Price * (1 + Profit%). 40000 = CP * 1.20. CP = 40000 / 1.20 = 40000 * (100/120).

AI explanation

Using the cost price formula CP = (Selling Price * 100) / (100 + Profit Percentage), we can substitute the given values into the expression. The cost price equals Rs. 40000 * 100 / 120, which simplifies to Rs. 33333.33. The correct mathematical expression is Rs. 40000 * 100/120.

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