The selling price of a table is Rs. 7686. If the profit percentage is 22 percent, 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. 6300.
Let the C.P. be x
S.P. = Rs. 7686
Profit = 22%
Profit% = (S.P. - C.P.)/C.P. × 100
⇒ 22 = (7686 - x)/x × 100
⇒ 22x = (7686 - x) × 100
⇒ 22x = 768600 - 100x
⇒ 22x + 100x = 768600
⇒ 122x = 768600
⇒ x = Rs.6300