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A person incurs a profit of 8% by selling a purse for Rs. 2160. The cost price of the purse is _____?
  1. Rs. 2100
  2. Rs. 2000
  3. Rs. 2050
  4. None of these
Explanation

Let CP be the cost price.

Selling price = Rs. 2160

Profit % = 8%

SP = CP + 0.08CP

2160 = 1.08CP

CP = 2160 / 1.08

CP = 2000


Last verified on 18-03-2026

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