A man sold an article for ₹217, thereby gaining 8.5%. The cost of the article (in ₹) was:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3, i.e., 200.
Let cost price = x
Selling price = Cost price × (100 + Gain%) ÷ 100
⇒ 217 = x × (100 + 8.5) ÷ 100 = x × 108.5 ÷ 100
⇒ x = 217 × 100 ÷ 108.5
⇒ x = 21700 ÷ 108.5
⇒ x = 200