Which of the following is/are true? Choose the correct answer from the options given below.

1.If the selling price of an article is Rs.40 and the profit is 15%, then the cost price is Rs.32.

2.A person bought a toy for Rs.150 and sold it at 8% profit; he sold it for Rs.162.

3.A person bought a bicycle for Rs.500 and sold it for Rs.400, incurring a loss of 22%.

4.If the selling price of an article is Rs.210 and the loss is 30%, then the cost price is Rs.300.

A1 only

B1, 4 only

C2, 4 only ✓ Correct

D2, 3 only

Correct answer: (C) 2, 4 only

Explanation

Statements 2 and 4 are true.

Statement 2: 150 x 1.08 = 162, so it holds.

Statement 4: 210 / 0.70 = 300, so it holds.

Statement 1 fails: 40 / 1.15 = 34.78, not 32.

Statement 3 fails: loss = 100 / 500 = 20%, not 22%.

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