A chair is sold for ₹96 at 20% loss. T

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A chair is sold for ₹96 at 20% loss. The cost price of the chair is

Options:

₹120

₹80

₹115.20

₹76.80

Correct Answer:

₹120

Explanation:

Let C.P. be ₹a

ATQ,

⇒ Cost Price × 80% = Selling Price

⇒ a × 80% = 96

⇒ $\frac{4a}{5} = ₹96$

⇒ a = ₹120 = Cost price.