A man sold an article for ₹216, there by gaining 12.5%. The cost of the article (in ₹) was:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 192 .
Let cost price = C
Gain = 12.5% = 12.5/100 = 1/8
Selling price = Cost price + Profit = C + C/8 = 9C/8
Given selling price = 216
9C/8 = 216
C = 216 × 8 ÷ 9 = 192