When an article is sold for Rs.3400, there is a loss of 2%. What is the cost price of the commodity?

When an article is sold for Rs.3400, there is a loss of 2%. What is the cost price of the commodity?

A Rs 3500.50

B Rs 3200

C Rs 3400.56

D Rs 3469.34

Solution

Correct Answer: Option D

loss=2% so,
98%………….3400
100%………..?
?=(3400×100)/98=3469.34