Multiple Choice Questions on A TV when sold for 7038 earned a profit of 15 What was its cost price ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

A TV when sold for 7038 earned a profit of 15 What was its cost price ........

Quant (SSC) Profit and loss
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    A TV when sold for ? 7038 earned a profit of 15%. What was its cost price ?

    6040

    Incorrect Answer

    6080

    Incorrect Answer

    6120

    Correct Answer

    6240

    Incorrect Answer
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    Explanation:

    We know that,
    CP = 100 /100 + profit% x SP
    = 100 /100 + 5 × 7038
    = 100/115 x 7038 = 6120

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