By selling a cycle for ₹ 2345, a student loses 19%.

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By selling a cycle for ₹ 2345, a student loses 19%. His cost price is nearly ?

1. ₹ 4000
2. ₹ 5000
3. ₹ 3000
4. ₹ 3500

Correct Option: C

Let cost price be ₹ N.
Selling price = 2345
Loss = 19%
Cost price, N = (SP x 100)/(100 - Loss%)
= (2345 x 100)/(100 - 19%)
⇒ N = 234500/81 = ₹ 2895 ≈ ₹ 3000