Find the cost price of 1KG of Saffron which is sold for Rs. 58000 at a loss of 13%.

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07 Sep 2020 Profit & Loss

Find the cost price of 1KG of Saffron which is sold for Rs. 58000 at a loss of 13%.

OPtion

1) 68000
2) 60000
3) 66000
4) 63000
5) 64000
6) 66661.67
7) 66663.67
8) 66666.67
9) 66669.67
10) None of these

Solution

If CP 100 SP 87
i.e. When SP 87, CP 100
when SP 58000, CP = 100*58000/87 = ~66666.67

Correct Option: 8 Best Solution (7)