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Multiple choice

Mohan purchased an article and sold it for Rs. 2817.50, and earned 15 percent profit on the cost price. What was the cost price of the article?

  1. Rs. 2500

  2. Rs. 2450

  3. Rs. 2550

  4. Rs. 3315

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SP = CP * (1 + profit%). 2817.50 = CP * 1.15. CP = 2817.50 / 1.15 = 2450.

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