A toy is sold at a profit of 10% for Rs.220. Its cost price is:

A toy is sold at a profit of 10% for Rs.220. Its cost price is:

  • (A) Rs.200
  • (B) Rs.210
  • (C) Rs.180
  • (D) Rs.220
  • Solution: We will solve this problem step by step.
  • The selling price of the item is Rs.220.
  • The profit made on it is 10%.
  • Formula: the selling price equals the cost price multiplied by one plus the profit percentage divided by one hundred.
  • Rs.220 equals the cost price multiplied by one plus 10 divided by one hundred which equals the cost price multiplied by 1.1.
  • We need to find the cost price.
  • To find the cost price we divide Rs.220 by 1.1 which gives us the cost price as Rs.200.
  • Answer: (A) Rs.200
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Related MCQs:

 ‘NATO’ is an abbreviation of:

  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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