On selling an article for 350, a dealer had a
loss of 6%. What is the cost price of the
article ?
loss of 6%. What is the cost price of the
article ?
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We have : Selling Price = 350, Loss % = 6 %, Cost Price = ?
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Cost Price = (Selling Price × 100)/(100 - Percentage Loss)
⇒ Cost Price = (359 × 100)/(100 - 6)
⇒ Cost Price = 35900/(100 - 6)
⇒ Cost Price = 35900/94
⇒ Cost Price = 381.914