Multiple choice

By selling an article for Rs. 360 a person losses 20%. What is the cost price of that article?

  1. Rs. 250

  2. Rs. 432

  3. Rs. 450

  4. Rs. 288
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A 20% loss means the selling price is 80% of the cost price. So, 0.8 * CP = 360. CP = 360 / 0.8 = 450.

AI explanation

Using the cost price formula for a loss, Cost Price equals Selling Price multiplied by 100 divided by 100 minus the loss percentage. Substituting the given values, Cost Price equals 360 multiplied by 100 divided by 80. This calculates to 36000 divided by 80, which gives a cost price of Rs. 450.

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