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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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