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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 |
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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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