Mohan is selling a table at Rs.2,832. If his profit is 18%, then what is the cost price of the table?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs.2,400
Given that
Mohan is selling a table at Rs. 2,832.
If his profit is 18%, then
Cost Price = Selling Price × [100/(100 + Profit)] = 2832 × (100/118) = 2400 Rs