Usman sold a can of oil for Rs.7786 at a loss of 15%. Calculate his cost price.
- Rs.9136
- Rs.9160
- Rs.9144
- None of these
Explanation
To find the cost price (CP) of the can of oil, we can use the formula:
CP = (Selling Price × 100) / (100 - Loss Percentage)
Given Selling Price (SP) = Rs. 7786 and Loss Percentage = 15%,
CP = (7786 × 100) / (100 - 15)
= (7786 × 100) / 85
= 7786 × 20 / 17
= 9160
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