An article is sold for (₹1200). The profit percentage is numerically equal to (\frac{1}{20}) of the cost price and the profit is (₹200). What is the cost price?
Answer and explanation
Correct answer: (₹1000)
The cost price is (1200-200=1000), and profit percentage is (\frac{200}{1000}\times100=20). This does not match (\frac{1000}{20}=50), so the statement is inconsistent.
Frequently asked questions
What is the correct answer to this question?
(₹1000)
Why is this the correct answer?
The cost price is (1200-200=1000), and profit percentage is (\frac{200}{1000}\times100=20). This does not match (\frac{1000}{20}=50), so the statement is inconsistent.
Which subject and chapter does this question cover?
This is a Class 10 Mathematics question. Chapter: Quadratic Equations. Topic: Word Problems and Applications.
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