Multiple choice

A seller calculated his intended selling price at 6% profit on the cost of a product. However, owing to some mistake while selling, the units and tens digits of the selling price got interchanged. This reduced the profit by Rs. 180 and profit percentage to 2.4%. What is the cost price of the product?

  1. Rs. 4500

  2. Rs. 5000

  3. Rs. 4750

  4. Rs. 6000
Reveal answer Fill a bubble to check yourself
B Correct answer
AI explanation

The reduction in profit percentage from 6% to 2.4% on the cost price equals a drop of Rs. 180. Setting up the equation, 3.6% of Cost Price = 180, which yields a cost price of 180 / 0.036 = 5000.

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