Multiple choice

A shopkeeper sells an article for Rs. 200 with a loss of Rs. 20 %. Find the cost price of the article.

  1. 220

  2. 250

  3. 280

  4. 260

  5. 290
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling price = Cost Price * (1 - loss_percentage). Here, 200 = CP * (1 - 0.20), so 200 = CP * 0.8. CP = 200 / 0.8 = 250.

AI explanation

Using the cost price formula, Cost Price equals Selling Price multiplied by 100 divided by (100 minus loss percentage). Substituting the values gives CP = 200 multiplied by 100 divided by (100 minus 20), which simplifies to 20000 / 80. The cost price of the article is Rs. 250.

Keep practicing — related questions