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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

$S.P = 460. profit = 15 %$

$C.P = \frac{S . P \times 100}{100 + P %}$

$C.P = \frac{460 \times 100}{115}$

$C.P = 400$

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