By selling an article for $ 960 a man incurs a loss of 4%;

Home » Aptitude » Profit and Loss » Question

By selling an article for $ 960 a man incurs a loss of 4%; what was the cost price?

1. $ 1,000
2. $ 784
3. $ 498.4
4. $ 300

Correct Option: A

Given that , Selling price of an article = $ 960 , Loss% = 4%
As we know that ,

C.P. of article =	100	× Selling price
	100 - loss %

C.P. of article =	100	× 960 = $ 1000
	96