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An article is sold for Rs. 4400 at a loss of 20 percent. What is the cost price of the article?
Question

An article is sold for Rs. 4400 at a loss of 20 percent. What is the cost price of the article?

A.

Rs. 5500

B.

Rs. 5000

C.

Rs. 5200

D.

Rs. 6200

Correct option is A

Given:
Selling price = Rs. 4400
 Loss = 20%
Formula Used:
Cost Price = Selling Price ÷ (1 - Loss Percentage)
Solution:
Cost Price = 4400 ÷ (1 - 0.20)
Cost Price = 4400 ÷ 0.80 = Rs. 5500

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