An article is sold for Rs 600 at a loss of 20%. What is its cost price?
Answer and explanation
Correct answer: D. Rs 750
- Step 1: Selling price = cost price x (100 - 20)/100, so cost price = 600 x 100/80.
- Step 2: Cost price = 750.
Answer
Rs 750.
Practise more Arithmetic: Profit, Interest and Percentages.
Free questions with an explanation for every one, and full timed Railways NTPC mock tests.
More Arithmetic: Profit, Interest and Percentages questions
- What is the simple interest on Rs 5000 at 12% per annum for 4 years?
- A number increases from 250 to 275. What is the percentage increase?
- What is the simple interest on Rs 5000 at 10% per annum for 2 years?
- A trader buys an article for Rs 2000 and sells it at a profit of 25%. What is the selling price?
- Two partners invest in the ratio 2 : 5 for the same period and earn a profit of Rs 21000. What is the share of the first partner?
- A trader buys an article for Rs 400 and sells it at a profit of 30%. What is the selling price?