A trader sold a photoframe for Rs.161, gaining 1/6th of it's cost price. What is the cost price of the photoframe?
A. Rs.142
B. Rs.138
C. Rs.144
D. Rs.134
Answer: Option B
Solution(By Examveda Team)
Let price of the Photoframe = XGain = 1/6 = 16.66% of X.
Now,
SP = 161
CP + Profit = SP
X + 16.66% of X = 161
1.166X = 161
X = 161/1.166 = 138 (Approx.)
CP = Rs. 138.
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