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    Question

    What is the cost price of an article which is sold for

    ₹1,566 with 8% profit? 
    A ₹1,420 Correct Answer Incorrect Answer
    B ₹1,390 Correct Answer Incorrect Answer
    C ₹1,450 Correct Answer Incorrect Answer
    D ₹1,400 Correct Answer Incorrect Answer

    Solution

    Selling Price (SP) = 1566 Profit = 8% Cost Price (CP) = SP × 100 / (100 + Profit) CP = 1566 × 100 / 108 CP = 1450 Answer: Cost Price = ₹1450

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