A man sold an article for ₹221, there by gaining 10.5%. 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 = ₹221
Gain = 10.5%
Let Cost Price = x
S.P. = C.P. × (100 + Gain%) / 100
221 = x × (110.5 / 100)
x = (221 × 100) / 110.5
x = 22100 / 110.5 = 200