CampusFin

A toy is sold for Rs. 220, what was the cost if the rate of profit was 10% of the cost?

Review the verified answer and explanation for this PPSC Punjab Public Service Commission past-paper question on CampusFin.

A toy is sold for Rs. 220, what was the cost if the rate of profit was 10% of the cost? Answer: Rs.200.

The cost price of the toy was Rs. 200. 1 Identify the Given Values: . Selling Price (SP) = Rs. 220 . Profit Rate = 10% of the Cost Price (CP) 2. Set up the Formula: Selling Price=Cost Price+Profit SP=CP+(10%of CP) 220=CP+0.10CP 220=1.10CP 3. Solve for Cost Price (CP): CP=220/1.10 CP=200

Question context

This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the PPSC Punjab Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.