The selling price of a fan is ₹7,392. If profit percentage is 32%, then what is the cost price (in ₹) of the fan?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 5,600.
SP = CP × (1 + Profit/100)
So:
7392 = CP × (1 + 32/100)
7392 = CP × 1.32
CP = 7392 ÷ 1.32 = ₹5,600