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A product is sold at a loss of 25%. If the selling price is $75, what was the cost price?

Practice Questions

1 question
Q1
A product is sold at a loss of 25%. If the selling price is $75, what was the cost price?
  1. $100
  2. $90
  3. $80
  4. $70

Questions & Step-by-step Solutions

1 item
Q
Q: A product is sold at a loss of 25%. If the selling price is $75, what was the cost price?
Solution: Let the cost price be x. Selling Price = x - (25% of x) = 0.75x. Therefore, 0.75x = $75, x = $75 / 0.75 = $100.
Steps: 0

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