New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A merchant faces a loss of 18%

    when selling a product for Rs. 656.20. Determine the cost price of the product.
    A Rs. 500 Correct Answer Incorrect Answer
    B Rs. 900 Correct Answer Incorrect Answer
    C Rs. 800 Correct Answer Incorrect Answer
    D Rs. 850 Correct Answer Incorrect Answer

    Solution

    ATQ, 0.82 × Cost price = 656.20Or, Cost price = (656.20 / 0.82) = Rs. 800

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