A man sells an article for Rs. 1550 at a loss of 5%. Find the cost price.
- A. Rs. 1977
- B. Rs. 1470
- C. Rs. 1822
- D. Rs. 1632 ✓
Correct answer
D. Rs. 1632
Explanation
SP = CP x (1 - 5/100). CP = 1550 / 0.95 = 1632.
D. Rs. 1632
SP = CP x (1 - 5/100). CP = 1550 / 0.95 = 1632.