Profit & Loss · Question 17 · Easy
A mobile cover is sold for ₹1,380 at a profit of 15%. What is its cost price?
- ₹1,173
- ₹1,150
- ₹1,200
- ₹1,250
Answer and explanation
Answer: C. ₹1,200
Explanation: SP = 1.15 × CP, so CP = 1380 ÷ 1.15 = ₹1,200.
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