A man made a loss of 15% by selling an article for N595. Find the
MATHEMATICS
WAEC 2003
A man made a loss of 15% by selling an article for N595. Find the cost price of the article
- A. N600.00
- B. N684.25
- C. N700.00
- D. N892.50
Correct Answer: C. N700.00
Explanation
15% loss = N595
\(\implies\) (100 - 15)% of CP = N595
85% of CP = N595
CP = \(\frac{595 \times 100}{85}\)
= N700.00
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