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Question : Vishal sells a bag at a profit of 40%. If Vishal's profit is INR 880, then what is the cost price of the bag?

Option 1: INR 2,000

Option 2: INR 2,450

Option 3: INR 1,900

Option 4: INR 2,200


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: INR 2,200


Solution : Profit = INR 880
40% of cost price = 880
Cost price = $\frac{880}{0.4}$
= INR 2200
Hence, the correct answer is INR 2,200.

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