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Profit and Loss

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  1. The cost of price and selling price of an article are in the ratio of the 3 : 7. If the selling price is ₹ 700, then find the cost price
    1. ₹ 500
    2. ₹ 400
    3. ₹ 300
    4. ₹ 800
Correct Option: C

Let CP = 3x and SP = 7x
According to the question,
7x = 700
∴ x = 100
∴ CP = 3x = ₹ = 300


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