Multiple choice

Selling price of a chair is Rs 1386. If loss percentage is 23%, then what is the cost price (in Rs) of chair ?

  1. 1600

  2. 1800

  3. 1900

  4. 1067
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling Price = Cost Price - Loss. Given SP = Rs 1386 and Loss = 23% of CP. So: 1386 = CP - 0.23CP = 0.77CP. Therefore CP = 1386/0.77 = Rs 1800. To verify: 23% of 1800 = 414, and 1800 - 414 = 1386, which matches the given selling price.

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