A man sells an article for Rs. 180 at a profit of 38%. Find the cost price.
- A. Rs. 160
- B. Rs. 143
- C. Rs. 130 ✓
- D. Rs. 114
Correct answer
C. Rs. 130
Explanation
SP = CP x (1 + 38/100). CP = 180 / 1.38 = 130.
C. Rs. 130
SP = CP x (1 + 38/100). CP = 180 / 1.38 = 130.