A man made a loss of 15% by selling an article for N595. Find the cost price of the article
A
N600.00
B
N684.25
C
N700.00
D
N892.50
Verified Correct Answer: C.
Step-by-Step Mathematical Solution
15% loss = N595
\(\implies\) (100 - 15)% of CP = N595
85% of CP = N595
CP = \(\frac{595 \times 100}{85}\)
= N700.00
Source: Myschool Past Questions Archive (Record #26614)