Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsProfit, Loss, and Discount
A toy is sold for Rs. 220. What was the cost price if the rate of profit was 10% of the cost?
- A.Rs. 190
- B.Rs. 200Correct answer
- C.Rs. 210
- D.Rs. 198
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Practice these MCQs in the appQuick fact: The cost price is Rs. 200 because selling at Rs. 220 with 10% profit on cost means $1.10 \times \text{CP} = 220$.