4 Views

Question : Suman incurred a loss of 35% on selling an article for Rs. 41275. What was the cost price of the article?

Option 1: Rs. 48675

Option 2: Rs. 63500

Option 3: Rs. 54020

Option 4: Rs. 45910


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Rs. 63500


Solution : Given: The selling price = Rs. 41275 and loss percentage = 35%
We know,
Cost price = Selling price × $\frac{100}{100-\text{loss percentage}}$
= 41275 × $\frac{100}{100-35}$
= 41275 × $\frac{100}{65}$
= Rs. 63500
Hence, the correct answer is Rs. 63500.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books