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An item is sold for Rs. 1,200 at a profit of 7%. What is its actual/cost price?
  1. Rs. 1,100.00
  2. Rs. 1,121.50
  3. Rs. 1,150.00
  4. Rs. 1,284.00
Explanation

Given:

  • Selling Price (SP) = Rs. 1,200
  • Profit = 7%

Formula:

SP=CP×107/100

CP=1200×100/107

CP=1121.50

Last updated by NS on 06-09-2026​

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