A man sells an article for Rs. 1440 at a profit of 5%. Find the cost price.
- A. Rs. 1091
- B. Rs. 1660
- C. Rs. 1371 ✓
- D. Rs. 1037
Correct answer
C. Rs. 1371
Explanation
SP = CP x (1 + 5/100). CP = 1440 / 1.05 = 1371.
C. Rs. 1371
SP = CP x (1 + 5/100). CP = 1440 / 1.05 = 1371.