2014 · Q46
A person selling an article for Rs. 96 finds that his loss percent is one-fourth of the amount of rupees that he paid for the article. What can be the cost price?
Elementary MathematicsProfit and Loss
- ARs. 160 only
- BRs. 240 only
- CRs. 160 or Rs. 240
- DNeither Rs. 160 nor Rs. 240
Explanation
(c − 96)/c = c/400 gives c² − 400c + 38400 = 0, so c = 160 or 240.