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Question : The selling price of an article is Rs. 616. If the loss percentage is 30%, then what is the cost price of the article?

Option 1: Rs. 850

Option 2: Rs. 800

Option 3: Rs. 880

Option 4: Rs. 900


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Rs. 880


Solution : The selling price of an article is Rs. 616.
Loss percentage = 30%
$\therefore$ Cost price = $\frac{100}{100-30}×616=880$
Hence, the correct answer is Rs. 880.

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