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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
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Correct Answer: Option C
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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