Find the cost price of an article which

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Find the cost price of an article which is sold for ₹3430 at a profit of \(16\frac{2 }{3}\) % .

Options:

₹2940

₹2840

₹2740

₹2490

Correct Answer:

₹2940

Explanation:

CP = 3430 × \(\frac{6}{7}\) = 2940