Question

By selling an article for $Rs.960$ a man incurs a loss of $4\%$; what was the cost price?

Answer 1

Given that,

Selling price of article is $Rs.960$

Loss percent is $4$%

We know that,

$C.P$ of article $=\frac{100}{100-losspercent}\times S.P$

$=\frac{100}{96}\times 960$

$=1000$
Then,

we get cost price of article is $Rs.1000$