Question : The selling price of an article is INR 520. If the loss percentage is 20%, then what is the cost price of the article?
Option 1: INR 600
Option 2: INR 650
Option 3: INR 700
Option 4: INR 720
Answer (1)
11th Jan, 2024
Correct Answer: INR 650
Solution :
Selling price = INR 520
Loss = 20% of cost price
We know that cost price = loss + selling price
Cost price = 20% of cost price + 520
80% of cost price = 520
⇒ Cost price = $\frac{520}{0.8}$ = INR 650
Hence, the correct answer is INR 650.
Comments (0)
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Thank You!
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Mains Exam
Result Date:
4 Nov, 2024
- 11 Nov, 2024
Tier II
Admit Card Date:
12 Nov, 2024
- 12 Nov, 2024
Exam Date:
30 Sep, 2024
- 14 Nov, 2024
Application Date:
23 Sep, 2024
- 15 Nov, 2024
Mains Exam
Exam Date:
30 Nov, 2024
- 30 Nov, 2024
