Multiple choice general knowledge math & puzzles

Ramu sold an item for an amount of Rs.216 and earned a profit of 20%. What is the actual cost of the item for which Ramu has got that?

  1. 214

  2. 180

  3. 196

  4. 186

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

This is a profit and loss problem. If an item is sold for Rs. 216 at a 20% profit, then Cost Price = Selling Price / (1 + Profit%) = 216 / 1.20 = Rs. 180. Option B (180) is the correct answer. This is a standard quantitative aptitude question testing understanding of profit percentage calculation.