Cost price of an article is Rs. 5000. The loss percentage is 30 percent. What is the selling price of the article?
Show answer & explanation
Correct answer: B
Explanation
Selling Price = Cost Price × (100 - Loss Percentage) / 100
= 5000 × (100 - 30) / 100
= 5000 × 70 / 100
= ₹3500