issb mathematics MCQ #113

A compass is sold for Rs 550 at a profit of 10% on cost price. The cost price was:

issb mathematics MCQ #113

  1. Question 1

    Q1. A compass is sold for Rs 550 at a profit of 10% on cost price. The cost price was:

    • A) Rs 500
    • B) Rs 520
    • C) Rs 480
    • D) Rs 540

    Answer: Rs 500

    Explanation: Ten percent profit means the selling price is one hundred ten percent of cost. Cost price equals five hundred fifty divided by one point one, which is Rs 500.