Multiple choice

On selling an article for 651, there is a loss of 7%. The cost price of that article is

  1. 744

  2. 751

  3. 793

  4. 700

  5. 0
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Loss of 7% means the selling price is 93% of the cost price. 0.93 * CP = 651. CP = 651 / 0.93 = 700.

AI explanation

Using the cost price formula, Cost Price = Selling Price divided by (1 - Loss Percentage). Substituting the given values gives 651 divided by (1 - 0.07), which is 651 divided by 0.93. This calculation gives a cost price of 700.

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