An art dealer sells a painting for Rs. 6,600, making a profit of 10% after paying Rs. 600 in restoration charges. What was the original purchase price?
Show answer & explanation
Correct answer: B
Explanation
Selling Price = 6600, Repair Expenses = 600, Profit = 10%
6600 = 1.1 × (CP + 600)
CP + 600 = 6600 / 1.1 = 6000
CP = 6000 − 600 = ₹5400