A gold bracelet is sold for ₹16500 at a loss of 25%. What is the price cost of it?
Answer & explanation
Correct answer: option 2
25% = \(\frac{1}{4}\)
Cost price = 4R
Loss = 1R
Selling Price = 4R - 1R = 3R
ATQ,
S.P. = 3R = 16500
1R = 5500
Cost price = 4R = 4 × 5500 = Rs.22000/-