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If an item is sold for Rs. 2400 at a 20% loss, what was its actual (cost) price?

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If an item is sold for Rs. 2400 at a 20% loss, what was its actual (cost) price? Answer: Rs. 3000

Let's denote the cost price as CP. Given selling price (SP) = Rs 2400 Loss percentage = 20% CP = SP / (1 - Loss percentage) = 2400 / (1 - 0.20) = 2400 / 0.80 = Rs 3000

Question context

This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the ASF Airports Security Force preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.