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Profit, Loss & Discount · Question 5 of 72

Question 5

EasyOriginal question

Joseph sells a table lamp for ₹1,380 and makes a profit of 15%. What did the lamp cost him?

Options for question 5

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. SP is 115% of CP.

  2. CP = 1380×100115=12001380 \times \frac{100}{115} = 1200.

Worth noting

Taking 15% off the selling price gives ₹1,173. That is wrong because the 15% is a percentage of the CP, not of the SP.

Concept
Cost price from selling price and profit %
Typical time
40 s
Your time
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The rule this testsProfit and loss
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