Question 120

A shopkeeper sells a product at the rate of Rs.1089 and earns a profit of 12.5%. Find the amount which is equal to half of the cost price of the product.

Solution

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Selling price = Rs. 1089 and profit % = 12.5%

=> Cost price = $$\frac{1089}{(100+12.5)}\times100$$

= $$9.68\times100=Rs.$$ $$968$$

$$\therefore$$ Amount which is equal to half of the cost price of the product = $$\frac{968}{2}=Rs.$$ $$484$$

=> Ans - (B)

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