Question : The cost price of an article is Rs. 2650. If the loss percentage is 16 percent, then what is the selling price of the article?
Option 1: Rs. 2226
Option 2: Rs. 2048
Option 3: Rs. 2316
Option 4: Rs. 2448
Correct Answer: Rs. 2226
Solution :
Given: The cost price, CP of an article is Rs. 2650.
The loss percentage is 16%.
The selling price of the article $=\frac{CP\times(100–\text{Loss percentage})}{100}=\frac{2650\times(100 –16)}{100}=\frac{2650\times 84}{100}=$ Rs. 2226
Hence, the correct answer is Rs. 2226.
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