Test Index

RRB ALP CBT I 25 Nov 2024 Shift 2 Paper

Question : 7 of 75

Marks: +1, -0

Solution:

Concept:

Profit is calculated on the cost price, so the selling price equals the cost price plus

12.5\%

of the cost price.

Explanation:

Let the cost price be CP.

Given: Selling Price (SP)

=\text{Rs. }247.50

and Gain

\% = 12.5\%

Use the formula:

CP = \frac{SP}{1 + \frac{\text{Gain}\%}{100}}

Substitute the values:

CP = \frac{247.50}{1 + \frac{12.5}{100}}

CP = \frac{247.50}{1 + 0.125}

CP = \frac{247.50}{1.125}

CP = ₹220

Thus, the cost of the article was ₹220.

Answer:

Option A: ₹220

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