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Niraj incurred a loss of 55% on selling an article for ₹ 9549. What was the cost price of the article?

₹ 27700
₹ 25600
₹ 21220
₹ 29000

Correct Answer: ₹ 21220

Explanation:

Let cost price of article is CP.
According to the formula,
CP = [SP/(100 - Loss %)] x 100
CP = [(100 x 9549)/(100 - 55)]
= ₹ 21220

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