1.

Find the cost price of an article, if profit percentage is 14% and selling price of an articles is Rs 31,920.1. Rs 28,0002. Rs 14,0003. Rs.35,0004. Rs.23,000

Answer» Correct Answer - Option 1 : Rs 28,000

Given

selling price = Rs.31,920

Profit% = 14

Concept

If selling price and profit% is given, then the formula for finding the cost price is as follows:

Cost price = [100/(100 + profit%)] × Selling price

Calculation

Cost price = [100/(100 + 14)] × 31,920

⇒ Rs.28,000

∴ The cost price is Rs 28,000​.



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