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Vishal sells a bag at a profit of 40%. If Vishal's profit is Rs880, then what is the cost price of the bag?
Rs2,000
Rs2,450
Rs1,900
Rs2,200
- Vishal's profit is 40% of the cost price.
- Given that the profit is Rs880.
- To find the cost price, use the formula: Profit = (Profit Percentage / 100) x Cost Price.
- Rs880 = (40/100) x Cost Price.
- Solving for the Cost Price: Cost Price = Rs880 / (40/100) = Rs880 x (100/40).
- Simplify the calculation: Cost Price = Rs880 x 2.5 = Rs2200.
- Option 4: Rs2,200 is the correct answer.
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