A man sells an article for Rs. 520 and gains 4%. What is the cost price?
Show answer & explanation
Correct answer: A
Explanation
Selling Price = ₹520
Profit = 4%
Cost Price = (Selling Price × 100) / (100 + Profit%)
= (520 × 100) / 104
= ₹500
SSC Selection Post - Higher Secondary Level - 29th August 2025 - Shift 2 • Quantitative Aptitude • Q43
A man sells an article for Rs. 520 and gains 4%. What is the cost price?
Correct answer: A
Explanation
Selling Price = ₹520
Profit = 4%
Cost Price = (Selling Price × 100) / (100 + Profit%)
= (520 × 100) / 104
= ₹500