Quantitative Aptitude • Percentage, Profit & LossMedium
By selling a table fan for ₹4,275, a store owner loses 5%. What was the cost price?
A. ₹4,280
B. ₹4,500✓ Correct Answer
C. ₹4,061.25
D. ₹4,488.75
💡 Solution & Explanation
A 5% loss means the selling price is 95% of the cost price. So cost price = ₹4,275 × 100 ÷ 95 = ₹4,500. Check: 5% of ₹4,500 is ₹225, and ₹4,500 − ₹225 = ₹4,275. Adding 5% to ₹4,275 gives ₹4,488.75, which is wrong because the loss is a percentage of the cost, not of the selling price.
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