Question
An item is sold for Rs. 1,500 at a profit of 25%. What was its cost price?
Select an option. Your answer will be checked instantly.
Correct Answer: B. Rs. 1,200
Explanation:
The selling price is 125% of the cost price.
Thus, cost price = 1,500 ÷ 1.25 = Rs. 1,200.
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