By selling an item for ₹ 125, S earns 12% profit. What is the cost of the item (in ₹)? (Correct up to 2 decimal digits)
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 111.61.
Let the cost price be x.
Sells at ₹125 with 12% profit:
Selling Price = Cost Price × (1 + Profit%)
125 = x × 1.12
x = 125 ÷ 1.12
x = ₹111.61