A man sold an article for Rs. 216, there by gaining 12.5%. The cost of the article (in Rs. ) was:

Correct option is D

Given:

Selling price of the article = Rs. 216

Gain percentage = 12.5%

Formula Used:

SP = $$\text{CP} \times \left(1 + \frac{\text{Gain \%}}{100}\right)$$​​

Solution:

Applying the formula;

216 = CP × $$\left(1+\frac{12.5}{100}\right)$$​​

CP = $$\frac{216}{1 + \frac{12.5}{100}}$$​​​​

= $$\frac{216 \times 100}{112.5}$$​​

= 192

Thus, the cost price of the article is Rs. 192