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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?
Verified 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.
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...
Cp=Sp/180-loss%*100
cp=100*3740/100-45=6800
option E
cp=100*3740/100-45=6800
option E
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