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Mohan is selling a table at Rs.2,832. If his profit is 18%, then what is the cost price of the table?
Question

Mohan is selling a table at Rs.2,832. If his profit is 18%, then what is the cost price of the table?

A.

Rs.2,480

B.

Rs.2,500

C.

Rs.2,440

D.

Rs.2,400

Correct option is D

Given:
The selling price of the table = Rs. 2,832
Profit = 18%
Formula Used:
Selling price = Cost price × (100 + profit%)
Solution:
2,832 = Cost price × (100 +18%)
CP = 2832×100118\frac{2832 \times 100}{118}​​
CP = Rs. 2400

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