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An article is sold for Rs 8400 at a loss...

An article is sold for Rs 8400 at a loss of `25%`, what is the cost price (in Rs) of the article

A

14400

B

12400

C

11200

D

10800

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of an article sold for Rs. 8400 at a loss of 25%, we can follow these steps: ### Step 1: Understand the relationship between Selling Price (SP), Cost Price (CP), and Loss Percentage When an article is sold at a loss, the Selling Price is less than the Cost Price. The relationship can be expressed as: \[ SP = CP \times \left(1 - \frac{\text{Loss Percentage}}{100}\right) \] ### Step 2: Substitute the known values into the formula In this case, we know: - Selling Price (SP) = Rs. 8400 - Loss Percentage = 25% Substituting these values into the formula gives: \[ 8400 = CP \times \left(1 - \frac{25}{100}\right) \] This simplifies to: \[ 8400 = CP \times \left(1 - 0.25\right) \] \[ 8400 = CP \times 0.75 \] ### Step 3: Solve for the Cost Price (CP) To find the Cost Price (CP), we can rearrange the equation: \[ CP = \frac{8400}{0.75} \] ### Step 4: Calculate the Cost Price Now, perform the division: \[ CP = \frac{8400}{0.75} = 11200 \] Thus, the Cost Price of the article is Rs. 11,200. ### Summary The cost price of the article is Rs. 11,200. ---
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