IBPS BANK EXAM TEST 5 - IBPS BANK EXAM Questions and Answers

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Sujit incurred a loss of 45 % on selling an article for Rs. 3740. What was the cost price of the article?

Rs. 5725

Rs. 5080

Rs. 6250

Rs. 6400

None of these

Answer : Option E

Explanation :

C.P of article = Rs. (3740 * 100/(100-45)

=Rs. (3740*100)/55

= Rs. 6800

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