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Q.

If the S.P. of an article is Rs.460 and profit on it is 15%, then the cost price is

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a

Rs.450

b

Rs.800

c

Rs.400

d

Rs.500

answer is B.

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Detailed Solution

S.P=460.   profit=15%

C.P=S.P×100100+P%

C.P=460×100115

C.P=400

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If the S.P. of an article is Rs.460 and profit on it is 15%, then the cost price is