Question
Download Solution PDFSelling price of an article is Rs. 520. If loss percentage is 20 percent, then what is the cost price of article?
This question was previously asked in
SSC MTS Official Paper (Held On: 19 May, 2023 Shift 2)
Answer (Detailed Solution Below)
Option 2 : Rs. 650
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Detailed Solution
Download Solution PDFGiven:-
Selling Price (SP) = Rs. 520
Loss Percentage = 20%
Formula used:-
Cost Price (CP) = Selling Price (SP) / (1 - Loss Percentage)
Calculation:-
CP = 520 / (1 - 0.20)
⇒ CP = 520 / 0.80
⇒ CP = 650
∴ The cost price of the article is Rs. 650.
Selling Price (SP) = Rs. 520
Loss Percentage = 20%
Formula used:-
Cost Price (CP) = Selling Price (SP) / (1 - Loss Percentage)
Calculation:-
CP = 520 / (1 - 0.20)
⇒ CP = 520 / 0.80
⇒ CP = 650
∴ The cost price of the article is Rs. 650.
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