The loss incurred by a shopkeeper when he sells an article for ₹450 is 20%. The CP of the article was

₹562.5

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₹568.5

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₹565

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₹560

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Solution

The correct option is A ₹562.5
Let the CP be ₹x
Loss = 20%
SP = ₹450
$∴$ $\frac{80 x}{100}$ = 450
$\Rightarrow$ x = $\frac{450 \times 100}{80}$ = ₹562.50

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