A man sold an article for ₹219, there by gaining 9.5%. The cost of the article (in ₹) was:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 200.
Selling Price (SP) = ₹219
Gain = 9.5%
Let Cost Price (CP) = x
Then, SP = x × (1 + 9.5/100) = x × 1.095
So, 219 = 1.095x
x = 219 ÷ 1.095 = ₹200