A man made a loss of 15% by selling an article for N595. Find the cost price of the article
-
A.
N600.00 -
B.
N684.25 -
C.
N700.00 -
D.
N892.50
Correct Answer: Option C
Explanation
15% loss = N595
(implies) (100 – 15)% of CP = N595
85% of CP = N595
CP = (frac{595 times 100}{85})
= N700.00