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
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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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