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Vinod incurred a loss of 45 per cent on selling an article for Rs. 3740. What was the cost price of the article.
- a)Rs. 5725
- b)Rs. 5080
- c)Rs. 6250
- d)Rs. 6400
- e)None of these
Correct answer is 'E'. Can you explain this answer?
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Most Upvoted Answer
Vinod incurred a loss of 45 per cent on selling an article for Rs. 374...
Given:
Selling price of an article = Rs. 3740
Loss percentage = 45%
To find:
Cost price of the article
Let the cost price of the article be x.
We know that the selling price of an article is given by:
Selling price = Cost price + Profit or Loss
As Vinod has incurred a loss of 45%, his selling price is only 55% of the cost price.
Hence, we can write:
Selling price = 55% of Cost price
⇒ 3740 = 0.55x
Solving the above equation for x, we get:
x = 6800
Therefore, the cost price of the article is Rs. 6800.
The correct answer is 'Option E' (None of these).
Selling price of an article = Rs. 3740
Loss percentage = 45%
To find:
Cost price of the article
Let the cost price of the article be x.
We know that the selling price of an article is given by:
Selling price = Cost price + Profit or Loss
As Vinod has incurred a loss of 45%, his selling price is only 55% of the cost price.
Hence, we can write:
Selling price = 55% of Cost price
⇒ 3740 = 0.55x
Solving the above equation for x, we get:
x = 6800
Therefore, the cost price of the article is Rs. 6800.
The correct answer is 'Option E' (None of these).
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Community Answer
Vinod incurred a loss of 45 per cent on selling an article for Rs. 374...
Loss = 45%
=> 0.55 ∗ Cost price = 3,740
Cost price = 3740/0.55 = 6800
Hence, option E is the right answer.
=> 0.55 ∗ Cost price = 3,740
Cost price = 3740/0.55 = 6800
Hence, option E is the right answer.
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Vinod incurred a loss of 45 per cent on selling an article for Rs. 3740. What was the cost price of the article.a)Rs. 5725b)Rs. 5080c)Rs. 6250d)Rs. 6400e)None of theseCorrect answer is 'E'. Can you explain this answer?
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Vinod incurred a loss of 45 per cent on selling an article for Rs. 3740. What was the cost price of the article.a)Rs. 5725b)Rs. 5080c)Rs. 6250d)Rs. 6400e)None of theseCorrect answer is 'E'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Vinod incurred a loss of 45 per cent on selling an article for Rs. 3740. What was the cost price of the article.a)Rs. 5725b)Rs. 5080c)Rs. 6250d)Rs. 6400e)None of theseCorrect answer is 'E'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Vinod incurred a loss of 45 per cent on selling an article for Rs. 3740. What was the cost price of the article.a)Rs. 5725b)Rs. 5080c)Rs. 6250d)Rs. 6400e)None of theseCorrect answer is 'E'. Can you explain this answer?.
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