Question

If the selling price of a suit case at $5\%$ profit is Rs. 1440 , then its cost price is

• A. Rs. 1371
• B. Rs. 1452
• C. Rs. 1248
• D. Rs. 1295

Answer 1

Answer: (A)

Selling price of a suit case $=$ Rs. 1440
$\text{ Profit }=5\%$
$\text{ Cost price of suit case }=\frac{100}{100+\text{ Gain }\%}\times \text{ S.P. }$
$=\frac{100}{100+5}\times 1440$
$=\frac{100}{105}\times 1440$
$=\text{ Rs. }1371.42$
$\approx \text{ Rs. }1371$