Q. A trader gains 30% by selling an article for ₹1040. What is the cost price?
✅ Correct Answer: (C)
₹800
Explanation: SP = 1040 = 130% of CP. CP = (1040 / 130) × 100 = ₹800.
Explanation by: Yami Thakur
SP = 1040 = 130% of CP. CP = (1040 / 130) × 100 = ₹800.