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Profit and Loss

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  1. Niraj incurred a loss of 55% on selling an article for ₹ 9549. What was the cost price of the article ?
    1. ₹ 27700
    2. ₹ 25600
    3. ₹ 21220
    4. ₹ 29000
Correct Option: C

Let cost price of article is CP.
According to the formula,
CP = [SP/(100 - Loss %)] x 100
CP = [(100 x 9549)/(100 - 55)]
= ₹ 21220


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