A man made a loss of 15% by selling an article for N595. Find the cost price of the article
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Correct Answer: Option C
Explanation:
15% loss = N595
\(\implies\) (100 - 15)% of CP = N595
85% of CP = N595
CP = \(\frac{595 \times 100}{85}\)
= N700.00
15% loss = N595
\(\implies\) (100 - 15)% of CP = N595
85% of CP = N595
CP = \(\frac{595 \times 100}{85}\)
= N700.00