Knowee
Questions
Features
Study Tools

Select the correct answerOn selling an article for 651, there is a loss of 7%. The cost price of that article is?Options751744793700

Question

Select the correct answerOn selling an article for 651, there is a loss of 7%. The cost price of that article is?Options751744793700

🧐 Not the exact question you are looking for?Go ask a question

Solution

To find the cost price, we first need to understand that the selling price given is actually 93% of the cost price. This is because there was a loss of 7%, so the selling price is 100% - 7% = 93% of the cost price.

We can set up the equation:

651 = 0.93 * Cost Price

To solve for the cost price, we divide both sides of the equation by 0.93:

Cost Price = 651 / 0.93

This gives us a cost price of approximately 700. So, the correct answer is 700.

This problem has been solved

Similar Questions

Select the correct answerAn article was sold at a profit of 14%. Had it been sold for Rs 121 less, a loss of 8% would have been incurred. If the same article would have been sold for Rs 536.25, then the profit/loss percent would have been?OptionsLoss 2.5%Profit 5%Loss 5%Profit 2.5%

Select the correct answerA man sells two articles for Rs.3974 each. He sells first article at 25% profit. At what loss % he would have sold second article, if there is neither profit nor loss in whole transaction?Options13.67%16.66%15.50%12.50%

Select the correct answerAnu sold an article for Rs.480 at some profit. Had she sold it for Rs.400, then there would have been a loss equal to one-third of the initial profit. What was the cost price of the article?OptionsRs.425Rs.450Rs.430Rs.420

elect the correct answerA person sold an article for 30% profit, If he had Bought it for 10% less he would have reduced price by Rs.330 and earns a profit of 20%. What is the cost price of an Article?Options14001600155017001500

Select the correct answerA merchant buys an article for 27 and sells it at a profit of 10%. The selling price of the article is?Options3029.73732

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.