If by selling an article for Rs. 390 a shopkeeper gains 20%, then the cost is = ?
A. Rs. 370
B. Rs. 325
C. Rs. 350
D. Rs. 300
Answer: Option B
Solution(By Examveda Team)
$$20\% = \frac{{1 \to {\text{Profit}}}}{{5 \to {\text{CP}}}}$$Selling price = 6 units → 390
$$\eqalign{ & {\text{5 units }} \to \frac{{390 \times 5}}{6} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 325 \cr} $$
Related Questions on Profit and Loss
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