Question

Manas sold 12 cots for Rs. 12,800, gaining the cost price of 4 cots. Then cost price of a cot is equal to
1. Rs. 400
2. Rs. 800
3. Rs. 500
4. Rs. 600

Answer 1

Correct Answer - Option 2 : Rs. 800

Given:

SP of 12 cots = Rs. 12,800

Formula:

Profit = SP - CP

Calculation:

SP of 12 cots - CP of 12 cots = CP of 4 cots

⇒ SP of 12 cots = CP of 12 cots + CP of 4 cots

⇒ 12,800 = CP of 16 cots

⇒ CP of cot = 12,800/16 = Rs. 800

∴ The cost price of one cot is Rs. 800