Question

By selling every article at rs.10, a person had 16 2/3 % loss.what was the cost price of each article?

Answer 1

The loss is of = 1/6

Let the Cost price initially was 6 and after selling on 1/6 the of the loss the selling price became 5.

So the ratio of sp to CP = 5 : 6

5 is equal to 10. So 6 will be equal to 12.

So 12 was the cost price of every article.