A gold bracelet is sold for ₹ 16500 at a loss of 25%. What is its cost price?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → ₹ 22000
Loss per cent is counted on the cost price, so a loss of 25% means the selling price is 75% of the cost price.
75% of the cost price \(=16500\)
Cost price \(\displaystyle =16500\times\frac{100}{75}=22000\)