Home » A man made a loss of 15% by selling an article for N595. Find the…

A man made a loss of 15% by selling an article for N595. Find the…

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

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