Multiple choice

A dealer earned a profit of $5$% by selling a radio for Rs.$714$, What is cost price of the radio?

  1. $480$
  2. $680$
  3. $780$
  4. $380$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A 5% profit means the selling price is 105% of the cost price. Therefore the cost price is 714/1.05 = Rs. 680.

AI explanation

Using the cost price formula, CP = (Selling Price * 100) / (100 + Profit Percentage). Substitute the given values to find CP = (714 * 100) / (100 + 5). This simplifies to 71400 / 105, which equals 680. The cost price of the radio is 680.

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