A man sells an article for Rs. 365 at a profit of 5%. Find the cost price.
- A. Rs. 427
- B. Rs. 348 ✓
- C. Rs. 298
- D. Rs. 321
Correct answer
B. Rs. 348
Explanation
SP = CP x (1 + 5/100). CP = 365 / 1.05 = 348.
B. Rs. 348
SP = CP x (1 + 5/100). CP = 365 / 1.05 = 348.