Multiple choice

A sold his pen at profit of Rs. 13. He calculated the profit percentage on selling price and found it to be 20%. The cost price (in Rs.) of the pen is:

  1. 52

  2. 65

  3. 39

  4. 13
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Profit = 20% of Selling Price (SP). Profit = 13. So, 0.20 * SP = 13, which means SP = 13 / 0.20 = 65. Since Profit = SP - Cost Price (CP), 13 = 65 - CP, so CP = 52.

AI explanation

The profit of Rs. 13 represents 20% of the selling price, so the selling price is 13 / 0.20 = Rs. 65. The cost price equals the selling price minus the profit, which is 65 - 13 = Rs. 52.

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