Question
Download Solution PDFSelling price of an article is Rs. 817. If loss percentage is 14 percent, then what is the cost price of the article?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The selling price of an article is Rs. 817.
The loss percentage is 14 percent
Concept used:
SP + loss= CP
Profit = CP × (Profit percentage / 100)
Profit is calculated on cost price and discount is calculated on market price
Calculation:
Cost price will be ,
⇒ 817 × (100/86) = Rs 950
∴ The correct option is 2
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