Multiple choice

Vinay sold his bicycle for Rs. 6,800, at a loss of 4%. What is the cost price of the bicycle?

  1. Rs. 9,083.33

  2. Rs. 8,083.33

  3. Rs. 7,083.33

  4. Rs. 6,538.46

  5. Rs. 6,528
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Selling Price = Cost Price * (1 - loss%). 6800 = CP * (1 - 0.04) = CP * 0.96. CP = 6800 / 0.96 = 7083.33.

AI explanation

Using the cost price formula, Cost Price equals Selling Price divided by (1 minus Loss Percentage divided by 100). Substituting the values gives 6800 divided by (1 minus 0.04), which is 6800 divided by 0.96. Calculating this gives the cost price as Rs. 7,083.33.

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