Multiple choice

By selling for $Rs. 440$, I lost $12$%; find the cost price

  1. $Rs. 387.20$
  2. $Rs. 500$
  3. $Rs. 493.80$

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling Price = 440, Loss = 12%. Cost Price * (1 - 0.12) = 440. CP * 0.88 = 440. CP = 440 / 0.88 = 500.

AI explanation

Using the cost price formula when a loss is incurred, Cost Price = (Selling Price * 100) / (100 - Loss%), we substitute the given values to get (440 * 100) / (100 - 12). Simplifying the expression 44000 / 88 yields the exact cost price of Rs. 500.

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