Question

A man loses 30% by selling an article for 14 naira. What was the cost price of the article?

Answer 1

Answer:

20 Naira

Step-by-step explanation:

let the cost of the article be x,30% of its selling price be 30/100*x

i.e 0.3 x

if he is losing 30% ,then he is selling at 70% of the cost of product

hence,0.7x = 14 naira

x=14/0.7

x = 20 naira