An item is sold at a profit of 25%. If the selling price is ₹800, what is the cost price?
Show answer & explanation
Correct answer: A
Explanation
Profit = 25%
Selling Price (SP) = ₹800
SP = 125% of Cost Price (CP)
CP = 800 × 100 / 125
CP = ₹640
Answer: ₹640