If an article sold for 500 incurs a 20% loss, what was the CP?

A600

B625

C650

D700

Explanation

0.8 * CP = 500 => CP = 500 / 0.8 = 625.

Exam Relevance

Topic: Profit and Loss
Subtopic: Cost Price

Submitted by: mcqstutor Team More Mathematics MCQs →