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On selling an article for Rs.329, a dealer lost 6%. The cost price of the article is
Question



On selling an article for Rs.329, a dealer lost 6%. The cost price of the article is

A.

Rs.310.37

B.

Rs.348.74

C.

Rs.335

D.

Rs.350

Correct option is D


Let the cost price be CP.
Given, Selling Price (SP) = Rs. 329 Loss % = 6%
Loss = CP - SP Loss = CP - 329
Loss % = (Loss / CP) x 100 6 = ((CP - 329) / CP) x 100
Solving for CP:
6CP = 100CP - 32900
94CP = 32900
CP = 32900 / 94
CP ≈ 350
Therefore, the cost price of the article is approximately Rs. 350.

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