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Profit and Loss

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  1. By selling an article for Rs. 247.50 we get a profit of 121/2 %. The cost of the article is ?
    1. Rs. 210
    2. Rs. 220
    3. Rs. 224
    4. Rs. 225
Correct Option: B

S.P. = Rs. 247.50
Gain = 25 / 2%
∴ C.P. = Rs. {100 / (100 + 25 / 2) x 247.50}
= Rs. (100 x 2 / 225 x 247.50)
= 220


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