When a commodity is sold for Tk. 49, there is a loss 2%. What is the cost price of the commodity?

When a commodity is sold for Tk. 49, there is a loss 2%. What is the cost price of the commodity?

A 40.50

B 45.50

C 60

D 50

Solution

Correct Answer: Option D

Cost price=(49×100)/98 = Tk. 50