Multiple choice

The difference between the cost price and selling price of a chair is Rs. 200. If the profit is 10%, the selling price is

  1. Rs. 2000

  2. Rs. 1800

  3. Rs. 2200

  4. Rs. 22000

  5. None of these

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

Let CP be X. Then, SP = 1.1*X Now, (1.1*X) - X = 200                          X = 2000  SP = 1.1*2000 = 2200