Multiple choice

An article is sold for Rs. 60 at a gain of 25%. What is the cost price of the article?

  1. Rs. 50

  2. Rs. 48

  3. Rs. 45

  4. Rs. 56
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SP = 60, Gain = 25%. CP = SP / (1 + Gain%) = 60 / 1.25 = 48.

AI explanation

Since a selling price of Rs. 60 yields a 25% gain, this selling price represents 125% of the cost price. Using the formula cost price equals selling price divided by 1.25, we find the cost price is 60 divided by 1.25, which equals Rs. 48. The correct option is B.

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