Question

By selling every article at a loss of ₹10, a person had 16 2/3% loss. What was the cost price of each article?
(A) ₹60
(B) ₹50
(C) ₹75
(D) ₹365​

Answer 1

Answer:

Rs. 60

Step-by-step explanation:

let CP be x

x - 10 = x - (16 2/3)x/100

10 = (50/3)x/100 = $\frac{50x}{3}/100 = x/6$

x = 60 rs

Answer 2

Answer:

(a) 60

Step-by-step explanation:

Let the cost price be Rs. x

Loss = 16.667% of cost price

  10  = 16.667%  * x  

Thus, solving the above equation we get

x = Rs. 60