A chair is sold for 96 at 20% loss. The cost price of the chair is Option 1: 120 Option 2: 80 Option 3: 115.20 Option 4: 76.80

Answer: 120. Solution: At 20% loss, SP = 80% of CP. So 80/100 x CP = 96, giving CP = (96 x 100)/80 = 120. Hence cost price is 120.

Arithmetic

Profit & Loss

Easy

A chair is sold for $\rupee 96$ at 20% loss. The cost price of the chair is

$\rupee 120$

$\rupee 80$

$\rupee 115.20$

$\rupee 76.80$

✅ Correct Option: 1

At 20% loss, SP = 80% of CP. So $\frac{80}{100} \times CP = 96$ , giving $CP = \frac{96 \times 100}{80} = 120$ . Hence cost price is $\rupee 120$ .

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A chair is sold for \rupee96\rupee 96\rupee96 at 20% loss. The cost price of the chair is

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CUET General Test Past Year Questions (Topic-Wise)

A chair is sold for $\rupee 96$ at 20% loss. The cost price of the chair is