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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 |
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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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