1.

If a shopkeeper makes a 30% profit by selling an item for ₹ 4420, what is the cost price of that item?1. ₹ 25002. ₹ 34003. ₹ 36004. ₹ 3300

Answer» Correct Answer - Option 2 : ₹ 3400

Given:

⇒ Selling price of an item = Rs.4420

⇒ Profit percentage = 30%

Formula:

⇒ Selling price = Cost price × (profit percentage + 100)/100

Calculation:

⇒ 4420 = Cost price × (100 + 30)/100

⇒ Cost price = 3400

∴ The cost price of an item is Rs.3400.



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