A man sells a chair for Rs. 720, gaining 20%. What was the cost price?

ARs. 500

BRs. 600

CRs. 650

DRs. 700

Explanation

CP * 1.20 = 720 => CP = 720 / 1.2 = 600.

Exam Relevance

Topic: Profit and Loss
Subtopic: Cost Price

Submitted by: mcqstutor Team More Mathematics MCQs →