Arithmetichard · Past Paper
What is the CP of an article which is sold for Rs. 1,470 at a profit of 16.66%?
ARs. 1,200
BRs. 1,260
CRs. 1,300
DRs. 1,250
✓ Correct Answer: B — Rs. 1,260
Profit 16.66% = 1/6. CP + CP/6 = 7CP/6 = 1470. CP = (1470 * 6) / 7 = 1260.
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