Multiple choice

On selling a cycle for Rs.4698, Anil incurs a loss of 19%. The cost price of the cycle for Anil is

  1. 6200

  2. 5000

  3. 5500

  4. 5800

  5. None
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Selling price = Cost Price * (1 - loss percentage). Here, 4698 = CP * (1 - 0.19) = CP * 0.81. Therefore, CP = 4698 / 0.81 = 5800.

AI explanation

Using the cost price formula for a loss, CP = (SP × 100) / (100 - Loss %), we substitute the known values. This gives (4698 × 100) / 81, which calculates to Rs. 5800.

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