An item when sold for Rs. 1690 earned 30% profit on the cost price. Then the cost price is = ?
A. Rs. 507
B. Rs. 630
C. Rs. 1300
D. Rs. 130
Answer: Option C
Solution(By Examveda Team)
Let the cost price is xAccording to question
$$\eqalign{ & \Rightarrow x \times \frac{{100 + 30}}{{100}} = 1690 \cr & \Rightarrow x \times \frac{{130}}{{100}} = 1690 \cr & \therefore x = \frac{{1690 \times 100}}{{130}} \cr & \,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,1300 \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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