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