Question

A television is sold for Rs.44,000 at a profit of 10%. What is the cost price?

• A. Rs.42,000
• B. Rs.40,000
• C. Rs.41,000
• D. Rs.41,500

Hint:

For profit problems, divide SP by $(1 + \frac{Profit}{100})$ to get CP.

Answer 1

The Correct Option is B

Concept: Selling Price (SP) with profit: \[ SP = CP \left(1 + \frac{Profit}{100}\right) \] 
Explanation: Given SP = 44000, Profit = 10% \[ 44000 = CP \times 1.10 \] \[ CP = \frac{44000}{1.10} = 40000 \]