Parikh sold his pen at a profit of ₹11. He calculated the profit percentage on selling price and found it to be 25%. The cost price (in ₹) of the pen is:
Answer & explanation
Correct answer: option 1
25 = \(\frac{11}{SP}\) × 100
S.P. = \(\frac{11}{25}\) × 100
S.P. = Rs. 44
∴ C.P. = 44 - 11 = Rs. 33