Question 147

Prashant incurred a loss of 75 per cent on selling an article for Rs 6800 What was the cost price of the article ?

Solution

Percent loss = $$\frac{Cost Price - Selling Price}{Cost Price}$$ * 100
= $$\frac{Cost Price - 6800}{Cost Price}$$ *100
0.25Cost Price = 6800
Cost Price = 6800*4 = 27200
Hence, the correct option is option E.

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Prashant incurred a loss of 75 per cent on selling an article for Rs 6800 What was the cost price of the article ?

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