Question

    A merchant faces a loss of 18% when selling a product for Rs. 656.20. Determine the cost price of the product.

    A Rs. 500 Correct Answer Incorrect Answer
    B Rs. 900 Correct Answer Incorrect Answer
    C Rs. 800 Correct Answer Incorrect Answer
    D Rs. 850 Correct Answer Incorrect Answer

    Solution

    ATQ, 0.82 × Cost price = 656.20Or, Cost price = (656.20 / 0.82) = Rs. 800

    Practice Next

    Relevant for Exams: