A shopkeeper sells an article at a loss of 25%. Find the cost price of the article if its selling price is Rs 660.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Rs 880
Loss per cent is taken on the cost price. At a 25% loss the selling price is 75% of the cost price.
Selling price \(=75\%\) of cost price
\(\displaystyle \text{Cost price}=660\times\frac{100}{75}=\) Rs 880
Check: 25% of Rs 880 \(=\) Rs 220, and \(880-220=660\)
The cost price is Rs 880.